Go read broker reports and it tells you there. 2025 looks the same in terms of spod pricing and reflect even more with PLS accepting a per-auction bid. Even a gear has shifted in PLS management even how subtle it may be once they accepted that initial best offer pricing for a late year delivery and alliance with Chinese converters adding Yuhau to the list.
It seems like shorters do actually have access to shares if they need to cover quick as shown when it breached $4.03 with 10m shares being transacted. There is an equity behind the scene providing liquidity to exit maybe not 600m volume but around 100m to 200m volume is being available.
You can say that shorters haven't done much to the price but in fact it has affected the mindset of new shareholders since the start of 2023 to 2024.
Good News & Bad News, page-42317
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Last
$3.77 |
Change
-0.050(1.31%) |
Mkt cap ! $11.39B | |||
| Open | High | Low | Value | Volume |
| $3.81 | $3.83 | $3.76 | $37.73M | 9.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 64 | 174794 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 142395 | 94 |
View Market Depth
| Last trade - 15.04pm 04/06/2024 (20 minute delay) ? |
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Last
$3.77 |
Change
-0.050 ( 1.57 %) |
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| Open | High | Low | Volume | ||
| $3.81 | $3.83 | $3.76 | 2767059 | ||
| Last updated 15.22pm 04/06/2024 ? | |||||
| PLS (ASX) Chart |