There is another interesting point.
Just before the anns on Friday, the shorters started to reduce their shorts.
See Dec.18 and Dec. 19 shorts on table below, they are very low in comparison to the previous days.
We can also see it on Shortman's chart (the last day is Dec.17). The shorts are starting to go down on that day and we know it went down more on Dec.18 and Dec.19.
Apparently they decided to close their short positions slowly.
When LTR revealed the cost blow out I think they panicked and had to short in a huge number. So they shorted 27n shares in one on Friday.
So LTR is going up again the shorters have to live with their huge short positions..!
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-228
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Last
$1.34 |
Change
-0.015(1.11%) |
Mkt cap ! $3.285B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.35 | $1.34 | $1.407M | 1.046M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 24668 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 60803 | 9 |
View Market Depth
| Last trade - 10.13am 30/05/2024 (20 minute delay) ? |
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Last
$1.34 |
Change
-0.015 ( 1.34 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.34 | $1.33 | 199686 | ||
| Last updated 10.34am 30/05/2024 ? | |||||
| LTR (ASX) Chart |