I think that there is a very good and simple explanation.
There is no more money to be made shorting ADN.
The total value of the 10 million or so of currently reported shares is around $200k, which may be substantial for retail investors but not even crumbs for the people who shorted ADN previously. As far as I understand there is very little shares available to borrow and it has to come from several sources, not a single one like Vanguard before.
Just not worth the effort for risk involved.
I can see that they are putting some effort at LRS where there is significantly more money to make.
Simple explanations are usually quite good.
I think that there is a very good and simple explanation.There...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.7¢ | $59.58K | 3.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 18607067 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 7568607 | 10 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |