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...
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Last
$5.55 |
Change
-0.085(1.51%) |
Mkt cap ! $4.233B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.65 | $5.48 | $15.57M | 2.797M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 28866 | $5.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.55 | 12754 | 33 |
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| Last trade - 15.04pm 24/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |