Another interpretation of the high days to cover and shorters is that the longer short sellers take to exit their positions due to the lack of volume [as indicated by a high days to cover), the longer the share price rally may continue due to short sellers’ urgency to exit their positions.
Kens
NEU chart, page-1598
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 (20min delay)
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Last
$21.64 |
Change
0.920(4.44%) |
Mkt cap ! $2.763B | |||
| Open | High | Low | Value | Volume |
| $20.86 | $21.64 | $20.56 | $19.10M | 890.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25 | $21.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.64 | 588 | 2 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$21.48 |
Change
0.920 ( 3.36 %) |
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| Open | High | Low | Volume | ||
| $20.87 | $21.61 | $20.55 | 164887 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| NEU (ASX) Chart |