Most of the institutions lending stock to VINVA bought in at the 39c insto raising..
Up until today - those instos were underwater and probably loaning out stock to make up some additional income.
If CVN SP can consolidate above 39c next few weeks (Possible with all the geo-political static going on..)
- likely those institutions will want their stock back..
VINVA would then have to either cover or take on more risk (short more) to keep their position open..
Be interesting to watch..
Also be interesting to know what CVN management has been up to. (Bank Loan?? / 100% Sale or partial sell down of Buffalo ?? etc)
Some upbeat CVN news from mgt would help now..
Please remember..., page-197
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $357.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $183.3K | 924.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1015173 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 485462 | 9 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |