Wonder if J-cap think they'll need to buy back now, or soon - predicting it will go up, or if they're brave enough to wait and see and potentially have exponential losses?
Presumably (based on the report release date) they've done this quite recently, so they have the choice of either paying a whole heap of interest for the shorted stock, or closing/buying back before the stock rockets up any more.
The stock as literally gone UP 24% since they released their report. A total backfire which could potentially cost them in the millions. Again, I'm not a holder of LKE, but I do enjoy watching shorters get burnt. Their report had the complete opposite effect! I can't stop laughing!
"Shorter releases damning report, but creates free advertising for company - stock price goes up in response"
Wonder if J-cap think they'll need to buy back now, or soon -...
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Last
4.0¢ |
Change
-0.003(6.98%) |
Mkt cap ! $66.52M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 3.9¢ | $753.4K | 18.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 731925 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 760271 | 12 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LKE (ASX) Chart |