Can you explain the maths? I just don't see how the shorts would cover what they short in a week at a loss. The shorting business is to fight for a capitulation. They only cover when there is a clear profit or a fear of huge loss in the event of a short squeeze. So, I would imagine that the shorts only cover their old positions weeks and months back when they actually can have a decent profit. So, they might have covered the shares they borrowed 2-3 months ago. And they know that covering will cause the price to go up.
Anyway, tax loss selling is also a big part of the price drop. It's now over for this year.
Can you explain the maths? I just don't see how the shorts would...
Add IGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.18 |
Change
-0.090(1.71%) |
Mkt cap ! $3.922B | |||
| Open | High | Low | Value | Volume |
| $5.34 | $5.34 | $5.16 | $15.95M | 3.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $5.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.19 | 2720 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| IGO (ASX) Chart |