Incorrect.
Short positions can be closed via a cross trade without affecting the share price; whereby a broker can match the short sellers buy order with another counterparty sell order.
This can be completed as an off market transaction meaning it does not go through the public auction process on the exchange and does not materially affect the share price.
Cheers
DYOR IMO
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-4201
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Last
84.0¢ |
Change
0.050(6.33%) |
Mkt cap ! $2.037B | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 85.5¢ | 77.5¢ | $14.49M | 17.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2992 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 190527 | 2 |
View Market Depth
| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |