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
0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $20.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $26.59K | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8106342 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 8773977 | 21 |
View Market Depth
| Last trade - 15.58pm 08/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |