There's no evidence of shorting at present. Net short position has been almost dead flat since it dipped slightly at the end of June. Gross shorts on a daily basis are insignificant compared with previous bouts of shorting - some days in past 2 weeks less than 20,000 shorted.
Cost of shorting still too expensive in front of announcements in next two months - at least 15% (or higher) and that's if u can get borrow (some brokers won't offer it).
MSB is outside the 50 most shorted stocks now, so not a big shorting candidate any longer, but because it is so thinly traded it is quoted as 42 days trading to cover the short position - 19th most dangerous stock for shortens out of nearly 500 followed.
The problem is lack of buying, with $1.60 the short term resistance - when (if) that breaks it'll be very strong support. Then we've got to breach $1.65 which has been the high of the past 3 months before then taking the next big run.
The relatively narrow range in the past 3 months of $1.40-$1.65 is bad news for shorts with big funding costs. They aren't adding to positions, and they must be wondering how on earth they'll cover in front of some potentially powerful announcements- this baby's going higher when they finally break!
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Last
$1.35 |
Change
0.105(8.43%) |
Mkt cap ! $1.541B |
Open | High | Low | Value | Volume |
$1.27 | $1.40 | $1.27 | $16.46M | 12.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 59739 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 59739 | 1.350 |
4 | 14088 | 1.345 |
2 | 47555 | 1.340 |
3 | 94633 | 1.335 |
4 | 66925 | 1.330 |
Price($) | Vol. | No. |
---|---|---|
1.360 | 5000 | 1 |
1.365 | 56441 | 4 |
1.370 | 140305 | 9 |
1.375 | 37954 | 3 |
1.380 | 113521 | 16 |
Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
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MSB (ASX) Chart |