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??
Over 41 million open short positions at 18 June 2024. Over 2...
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Last
3.7¢ |
Change
0.001(2.78%) |
Mkt cap ! $61.73M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.6¢ | $22.17K | 605.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1949582 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 205251 | 5 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LKE (ASX) Chart |