I find it irritating that so many are banking on a short squeeze to turn things around. Yes shorts covering will help the SP move up but thinking Z1P will be the ASX version of GameStop or AMC is wrong. GameStop through different methods had approx 140% of issued stock shorted when Wall Street Bets started the squeeze. Even in Z1P gets to 15% it won't be enough for a sustained covering rally into $20. It would be great but I don't think the fundamentals are there.
I find it irritating that so many are banking on a short squeeze...
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Last
$2.40 |
Change
0.120(5.26%) |
Mkt cap ! $3.114B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.43 | $2.25 | $56.09M | 23.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 231123 | 22 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |