Hi Triff
I only have a basic understanding of how shorting works so hoping you can explain what this level of shorting means at this time? I thought the ones shorting ADN had done so, with the possible knowledge of what the credit raise would look like, and would now exit their positions with profit. But (and I'm assuming the shorted shares were bought at around the 15/16 cent mark) it says to me they are betting on it going lower than the credit raise price. Have I got that right?
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Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $11.41K | 684.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1912580 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2640443 | 5 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |