I am certain that we are coming towards the end of the shorting.
SYA shorting continues to head down further and further on shortman.
We are now sat outside the top 10.
One thing that has also not been mentioned. Is that our largest holders in some instances actually act as the loan agent for the issue of securities to which short positions had been taken.
Now, one has to ask themselves. Why would JP Morgan be a lending agent to happily lend out their securities?
As you can see from the graph above short uptick occurred in July 2023. An our share price has fallen off ever since:
When you hold:
628M shares at 19c thats 120M in share portfolio value.
The holder then makes money on the lending of the share. May top up themselves when the shorting is nearing completion and will gain again on the rise over time.
Why else would you lend that 120M share portfolio out to be destroyed down to 628M @4C ~$25M asset value.
IE you have lent your shares out knowing that its value has now been decimated by close to 100M dollars.......
Did we all recently miss that the top 3 shareholders pick up bargain packages after the sell out of our top shareholder PLL?
Again ask yourself? why would those 3 top up after all of them have seen huge destruction in their share valuation?? WHYYYY............
The capping atm is driving your frustration and is being done by shorters accumulating.... Its crystal clear with the exits and yet no appreciation in share price.
If they didnt have sellers the buy price would quite simply be higher and we would see some appreciation on the closing of positions that has occured over the past month.
ie STOP FEEDING THE SHORTS.
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $329.3M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.2¢ | $1.308M | 39.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
101 | 17971163 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 1033512 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
98 | 17192038 | 0.032 |
54 | 12251412 | 0.031 |
78 | 17187203 | 0.030 |
24 | 7840833 | 0.029 |
33 | 9309053 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 1033512 | 3 |
0.034 | 5227114 | 11 |
0.035 | 10324655 | 21 |
0.036 | 10974196 | 30 |
0.037 | 20461807 | 54 |
Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
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