So according to Shortman as of Tue Feb 19, 5.97% A2M was shorted. As Coppo says shorters will have to decide
whether to keep going or quit. I'm not really sure whether shorters have covered much so far. If they were seriously buying you'd think the SP might have even spiked higher?
There's about 733 million A2M shares on issue. 6% shorted is approx 44 million shares. At $14 each, about $616 million.
Daily trading volumes seem to be about 2 to 3 million shares. How you cover 44 million quietly, I'm not sure??
Coppo report- a2m $20 target !
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 (20min delay)
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Last
$6.68 |
Change
-0.020(0.30%) |
Mkt cap ! $4.829B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.71 | $6.61 | $6.477M | 971.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12782 | $6.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.69 | 15324 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |