Over 41 million open short positions at 18 June 2024. Over 2 million new extra at .05.
Now, where is the economics heading? Those 2 million @.05 have to be bought back to return them to the broker/owner. Max return if goes to, say, .01 would cost $20,000 and a $80,000 "profit" less charges.
Ignoring the profit for the shorter, those shares that will be returned would be "worth" $20,000. Good luck to the shorter, but, what does the lender get out of these levels? Probably won't have any buyers at that price and be stuck with a lump of shite. Begs the question, why lend at these levels? Or, are the lenders the same as the borrowers??
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Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $61.73M |
Open | High | Low | Value | Volume |
3.8¢ | 4.0¢ | 3.7¢ | $92.45K | 2.407M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 735921 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 371214 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 715921 | 0.037 |
14 | 853798 | 0.036 |
14 | 1036953 | 0.035 |
13 | 860267 | 0.034 |
23 | 1242642 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 218067 | 3 |
0.040 | 613843 | 5 |
0.041 | 515143 | 4 |
0.042 | 1386351 | 9 |
0.043 | 828883 | 6 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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