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.'
My understanding is that the short-sellers failed since the SP...
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Last
76.5¢ |
Change
-0.030(3.77%) |
Mkt cap ! $636.3M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 81.0¢ | 76.5¢ | $1.160M | 1.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 93518 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 2271 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |