RNU 7.32% 8.8¢ renascor resources limited

Hi @kinser sadly short selling is part of life on the market....

  1. 449 Posts.
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    Hi @kinser sadly short selling is part of life on the market.

    Yesterday many holders were posting here blaming short sellers for the price decline but I question that

    Yes short sellers want the price to go down but the 3million+ shorted yesterday make up only 16% of the daily volume therefore 84% of the daily volume are holders choosing to sell their shares and in some cases apparently scrambling to sell which plays into the shorters hand.

    Interesting times.

    As a comparison Pilbara Minerals had nearly 25% of their daily volume yesterday marked as short sold.

    As far as shorting goes RNU is not that heaviy impacted compared to other companies.

    https://hotcopper.com.au/data/attachments/5581/5581927-c674c8f97e8f6bcce9b83fd43a49057b.jpg

    The volume of shares traded at these low prices is of concern.

    The sharemarket may not be the place for some, I say that respecting every holders rules or reasons for selling and buying.

    GLTAH DYOR
    Last edited by foxy43: 14/09/23
 
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Last
8.8¢
Change
0.006(7.32%)
Mkt cap ! $223.6M
Open High Low Value Volume
8.4¢ 8.9¢ 8.4¢ $502.5K 5.798M

Buyers (Bids)

No. Vol. Price($)
1 91481 8.7¢
 

Sellers (Offers)

Price($) Vol. No.
8.8¢ 7745 1
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
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