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.
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
General Discussions, page-25206
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Last
8.8¢ |
Change
-0.001(1.12%) |
Mkt cap ! $223.6M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.2¢ | 8.8¢ | $305.3K | 3.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 671362 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 124487 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
8.8¢ |
Change
-0.001 ( 0.56 %) |
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| Open | High | Low | Volume | ||
| 9.0¢ | 9.2¢ | 8.8¢ | 1471520 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| RNU (ASX) Chart |