What I'm trying to show the loyal here is the impact on LTR share price when shares are returned or shorts are covered and closed.
On the7th 8th and 9th of September a hedgie returned shares (12 million) and the SP jumped to 1.91.
Immediately the same hedgie (or maybe a different one) then traded sold another (13 million) shares which were not recovered in trade to be returned to the owner and were declared under T + 4 rules. driving the price back down.
My conclusion here is if these shorts are to be all returned, covered , brought on market, LTR minimum price would be over 3.00.
What I'm trying to show the loyal here is the impact on LTR...
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Last
93.0¢ |
Change
-0.015(1.59%) |
Mkt cap ! $2.255B | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 95.5¢ | 91.0¢ | $6.566M | 7.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 161259 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 120859 | 24 |
View Market Depth
| Last trade - 13.03pm 10/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |