The percentage of short sale looks ridiculous. Yesterday, the short sale volume was 743,708. The volume for the day was low just like today. So, we have about 40% of the shares sold short each day during regular trading hours. The shorts will try hard to get a profit out the massive short sale volume they made when IGO was shorted down to 6.72. On that day I remember close to 8 million shares were sold short just in one day. This game will eventually end either with IGO go up 100% or more or it is a target of accquisition by another company or it can go bankrupt? This is very unlikely! The shorts have never been able to attack and bankrupt a company that is profitable and paying dividends.
New all time high, page-368
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Last
$5.64 |
Change
-0.230(3.92%) |
Mkt cap ! $4.270B | |||
| Open | High | Low | Value | Volume |
| $5.76 | $5.84 | $5.64 | $26.26M | 4.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28870 | $5.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.65 | 27843 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IGO (ASX) Chart |