Well the price increase in ARQ is nice and one of the main reasons IMO has been the lack of large short selling over the past few days.
6 March had an increse of over 400,000 shares sold short. Since then there has been only one day, 8 March, with an increase in short sales.
People covered (bought back) a some ARQ shares on 7, 9, and 12 March.
The lack of selling/shorting has had a huge impact on the price recovery/stability of ARQ over the past few days.
Good news combined with any buying will see quite a bit of upward pressure on the share price....
it would really be nice to see the shorts get
s c r e we d over big time!
one reason for the increase in price
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.74M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 15.0¢ | $18.57K | 123.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 6006547 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2085770 | 24 |
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| Last trade - 10.49am 25/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |