"If shorters opened their shorts this week PLS was trading $4.80 in August 2023 that would be up 80% on their positions on a rough estimate."
I have been trying to understand what you mean, but I can't.
"If shorters opened their shorts this week" to me means if shorters did short-selling this week. And if that is what happened, then it is illogical "that would be up 80% on their positions on a rough estimate."
You don't seem to understand the meaning of opening a short position.
This is from FXopen website:
"Opening a short position or going short means selling an asset."
"If shorters opened their shorts this week PLS was trading $4.80...
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Last
$2.88 |
Change
-0.040(1.37%) |
Mkt cap ! $8.673B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.96 | $2.88 | $50.87M | 17.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 127610 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 103550 | 8 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |