If the shorters have to cover then they have to buy significant amounts of stock.
I am confused as to who is selling those shares to them and why would they sell at 19.5C
For the shorters to get genuinely burnt the stock has to rise so they have to pay more to buy the stock they have borrowed. Its not.
How are they managing to keep it low while still being able to cover. Something stinks here.
This hurts my wee brain.
If the shorters have to cover then they have to buy significant...
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.5¢ | $546.9K | 2.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 712707 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 4111812 | 24 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |