Shorters are active again. Last Friday figure shows a strogn uptick in short selling.
IGO IGO LIMITED FPO 1,324,585 757,267,813 .17
This is a battle where committed short sellers are determined to crash IGO and gain profit. As they are international hedge funds, tehy have large capital to sustain the short selling over a period of 1-2 years until it's impossible to drive the price down further. The rise of US stocks costed them over 100 billions USD during last year. Targetting companies outside the US seems still a good options for these funds. Eventually, IGO will come back and burn these shorts. It will be a long wait though.
Shorters are active again. Last Friday figure shows a strogn...
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 (20min delay)
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Last
$7.92 |
Change
0.140(1.80%) |
Mkt cap ! $5.997B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $8.02 | $7.84 | $28.84M | 3.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9730 | $7.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.93 | 24532 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.95 |
Change
0.140 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| $7.87 | $8.02 | $7.84 | 1719626 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IGO (ASX) Chart |