Unfortunately KGN are facing too many headwinds and a history of one-off adjustments.
I've previously mentioned that Amazon Australia are due to ramp up early next year (following completion of Australia's largest automated warehouse) and now, Woolworths and Coles are entering this space.
Word on the street is that Geometrica Fund is leading the shorts... and if true, I wouldn't bet against them. See what they said about what they are up to - a must read.
A2 short-seller reveals secret art to ASX profits (copyright link)
Kogan, why is it one of the most shorted stocks in AU?, page-26
Add KGN (ASX) to my watchlist
 (20min delay)
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Last
$4.38 |
Change
0.095(2.22%) |
Mkt cap ! $434.0M | |||
| Open | High | Low | Value | Volume |
| $4.30 | $4.38 | $4.25 | $1.115M | 258.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 5758 | $4.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.38 | 7384 | 23 |
View Market Depth
| Last trade - 13.31pm 07/06/2024 (20 minute delay) ? |
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Last
$4.37 |
Change
0.095 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| $4.29 | $4.38 | $4.25 | 50650 | ||
| Last updated 13.49pm 07/06/2024 ? | |||||
| KGN (ASX) Chart |