I agree with the $6 range considering the known margin drop. However, hedge funds are once again turning their attention to travel shares, driving short selling back to multi-year highs. Recently, we’ve seen the highest levels of short selling since late 2020, during a period when the global travel industry was significantly impacted by a once-in-a-century pandemic.These funds are taking advantage of report releases and current market conditions to strengthen their short-selling strategies. HLO, FLT, CTD, QAN, and now WEB have all experienced significant sell-offs following their respective reports.
I agree with the $6 range considering the known margin drop....
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 (20min delay)
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Last
$4.69 |
Change
0.020(0.43%) |
Mkt cap ! $1.694B | |||
| Open | High | Low | Value | Volume |
| $4.72 | $4.74 | $4.68 | $689.1K | 146.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5177 | $4.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.70 | 11368 | 22 |
View Market Depth
| Last trade - 10.49am 16/06/2025 (20 minute delay) ? |
| WEB (ASX) Chart |