IPD 4.76% 8.0¢ impedimed limited

It’s hard not to get the sense that this stock is about to pop....

  1. 128 Posts.
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    It’s hard not to get the sense that this stock is about to pop.

    We’ve seen director buying on the 9th June & 24th Aug.

    A short squeeze is playing out as the short position has begun to steadily fall from a high of 7.5% down to 4.7%; as the stock continues to climb.

    Further institutional support from one of the most respected and independent fund managers in Australia, with Allan Gray buying another 2% of the company on the 25th Oct; which brings their holding up to a whopping 17%! Firms of this caliber conduct extremely thorough due diligence and are not in the business of speculative trades or market manipulation with the hope of pumping a stock so they can dump it. They are well aware of the fact that they cannot exit this stock if Sozo fails to deliver, and as such would have no interest in making this problem any worse by buying more stock unless they were strongly of the view that SOZO is going to succeed.

    The next few months are going to be an exciting period indeed.
 
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Last
8.0¢
Change
-0.004(4.76%)
Mkt cap ! $161.8M
Open High Low Value Volume
8.4¢ 8.4¢ 7.8¢ $377.9K 4.762M

Buyers (Bids)

No. Vol. Price($)
2 221536 7.9¢
 

Sellers (Offers)

Price($) Vol. No.
8.1¢ 92693 2
View Market Depth
Last trade - 16.10pm 01/05/2024 (20 minute delay) ?
Last
7.9¢
  Change
-0.004 ( 5.95 %)
Open High Low Volume
8.1¢ 8.2¢ 7.8¢ 957832
Last updated 15.56pm 01/05/2024 ?
IPD (ASX) Chart
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