My understanding is that the short-sellers failed since the SP of MYR from late March has been gradually increasing. 'A short squeeze can also happen when a heavily shorted stock starts to rise, and short-sellers start buying to close their positions and cut their losses...If the price of a stock that's heavily shorted starts to rise, you can see the opposite happen. Numerous short-sellers can be forced to start buying shares to cover their positions, which can drive the stock price higher and higher.'
Myer board vulnerable to Lew after it loses kingmaker's protection, page-8
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 (20min delay)
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Last
82.5¢ |
Change
0.005(0.61%) |
Mkt cap ! $686.2M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 84.0¢ | 79.0¢ | $1.555M | 1.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20169 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 70001 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MYR (ASX) Chart |