I'm not 100% sure if I'm answer your question bud, but from what I can make of it when the stock price drops like it has the shorts will start covering the positions as the likelihood of a further drop is unlikely.
Theyve made their money and plenty of it.
Now as the market turns for the better and there's a few days of green, it givens them a tolerance to work with again and they'll flood to shorten the SP.
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $288.2M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.1¢ | 2.8¢ | $1.569M | 53.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 6541936 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 1823583 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| SYA (ASX) Chart |