Would suggest the biggest issue is that the volume in ADN has dried up completely - 3 days last week only ~2mn shares. Not what you want to see as a short seller as you are now very reliant on whatever your thesis is playing out to the letter. As I have consistently noted, the risk/return for a short in this stock at these prices is not good, unless there is a big market correction (and better ways to play that). You saw yesterday, better (not great) volume but +2c move.
Would suggest the biggest issue is that the volume in ADN has...
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 (20min delay)
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $30.54M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $22.74K | 2.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 12668989 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 22835958 | 21 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| ADN (ASX) Chart |