IHL 0.00% 4.1¢ incannex healthcare limited

Terrybear has answered already, but yes it's shortman.... you...

  1. 182 Posts.
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    Terrybear has answered already, but yes it's shortman.... you can see any shorted stock and whatever %age of available shares are shorted... in our case, it's around 2.5%... it moves depending on closed out positions, and how many get reloaded... hypothetically, if we were to have a price spike tomorrow of say 5cents, you can bet that the shorts will spike upwards, and sell the stock down again.. they hold enough shares to manipulate downwards, and when more cheapies become available, they buy them... they can"t make money if theres no air in the baloon, but they can take cover in a spread if the shares go up... you can bet that they ate hedged for a rise too...
    some people are getting badly burnt because of this type of trading...(which i believe should be illegal in companies under $1b mc)
    the company has had no negative announcements and its fundamentals remain in tact at this point... cash position is strong, board is solid...
    sentiment is in the toilet, and that's not IHL'S doing
 
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Currently unlisted public company.

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