DVP 2.24% $1.97 develop global limited

Yeah, it doesn't make any sense to be borrowing stock and...

  1. 2,873 Posts.
    lightbulb Created with Sketch. 805
    Yeah, it doesn't make any sense to be borrowing stock and selling with no expectation the price has to go down in order to repurchase the borrowed stock to return it to the beneficial owners at a profit.

    It makes no sense that an insto or trading desk would not place strategic small parcel sells to push price down in low liquidity times over a period of time in order to buy back the stock at a future date at lower prices.

    The uptick you see highlighted in shorts is aligned with the most recent sell off in price you alluded to another poster. This data is 4 days lag, so let's revisit next week and see if the shorts have been unwinding as they run for the exit without causing a stampede with one another.

    https://hotcopper.com.au/data/attachments/6354/6354058-74da331162fc9a20dd3116ac012b8c41.jpg





    Last edited by Hiddenvalue: 01/08/24
 
watchlist Created with Sketch. Add DVP (ASX) to my watchlist
(20min delay)
Last
$1.97
Change
-0.045(2.24%)
Mkt cap ! $507.0M
Open High Low Value Volume
$2.03 $2.03 $1.95 $612.3K 308.6K

Buyers (Bids)

No. Vol. Price($)
1 2491 $1.96
 

Sellers (Offers)

Price($) Vol. No.
$1.98 4218 2
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
DVP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.