Shorting lenders have a vested interest in recovering the share price of PLS back above $5.75. Once the shorters have covered their shorts and returned borrowed shares the lenders will engineer the price back up. Remember the long-term value of 7% of 3 billion shares is at stake. State Street is currently 26% down year to date. Vanguard also needs a recovery in the sp and will bot their way back up. Hard to understand why Morgan Stanley has recently ceased to be substantial. Interesting comment by another poster here that lenders often top up when the share price is low during shorting lows.
Good News & Bad News, page-32135
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |