IMU 2.90% 6.7¢ imugene limited

IMUGENE CHART. TA only, page-27

  1. 5,600 Posts.
    lightbulb Created with Sketch. 1730
    Interested in others views here:

    Per Shortman - interest is approx 2%.
    Shares on issue approx 4.75b.
    2% approx = 95 million

    https://hotcopper.com.au/data/attachments/3069/3069794-fa9bdf93d2ca5b4b8d3f9eed0e1c941d.jpg

    https://hotcopper.com.au/data/attachments/3069/3069799-ed6a5a10d79384897d634815fca804db.jpg


    So, if I accept Shortman's data as accurate, the short interest went up during December 2020 to approximately 2% of issued capital. Matching that against the chart, the area in red circle is where they went short, lets call it an average of 12c to be generous.95m shares at 12c = $11.4m.

    95m shares at 14.5c = $13.775m.

    Someone's currently in the hole for $2.375m. Ouch.

    If they try and buy back all those shares in one fell swoop they will stuff their own position. So I reckon the bots are the shorters buying back to keep it under the radar.

    No wonder there are large orders at 15c trying to scare off the retailers.

    Finish will be very interesting, but I would be delighted to see the shorters suffer maximum financial pain.

    Someone let me know if the logic or numbers are off.




 
watchlist Created with Sketch. Add IMU (ASX) to my watchlist
(20min delay)
Last
6.7¢
Change
-0.002(2.90%)
Mkt cap ! $490.4M
Open High Low Value Volume
6.9¢ 7.1¢ 6.7¢ $1.445M 21.03M

Buyers (Bids)

No. Vol. Price($)
23 2363454 6.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 14705 1
View Market Depth
Last trade - 16.10pm 22/05/2024 (20 minute delay) ?
Last
6.8¢
  Change
-0.002 ( 1.59 %)
Open High Low Volume
7.0¢ 7.1¢ 6.7¢ 9797879
Last updated 16.01pm 22/05/2024 ?
IMU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.