There has been a lot of talk lately that the dramatic fall in price in MQG has been due to shorting or hedge funds. Can somebody please explain how shorting or hedge funds can make it's price fall. Sorry for being so naive.
please explain the effect of shorting
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Last
$204.69 |
Change
0.880(0.43%) |
Mkt cap ! $78.38B | |||
| Open | High | Low | Value | Volume |
| $205.91 | $207.57 | $204.01 | $167.1M | 819.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $204.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $204.69 | 8739 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MQG (ASX) Chart |