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
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $65.07M |
Open | High | Low | Value | Volume |
3.9¢ | 4.1¢ | 3.9¢ | $106.9K | 2.717M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 112920 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 600196 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 112920 | 0.039 |
18 | 1832261 | 0.038 |
18 | 2149488 | 0.037 |
22 | 1740525 | 0.036 |
28 | 5659539 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 600196 | 6 |
0.041 | 744712 | 9 |
0.042 | 681476 | 6 |
0.043 | 288424 | 6 |
0.044 | 971230 | 8 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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LKE (ASX) Chart |