All these record number of short sales does add fuel to the fire for any price rallies.
There is no price rally like a short fuelled rally. All short sellers are on margin and when the price rises, if they have to buy to cover because they have no more margin, well, they have to buy.
Pls shorted, page-12
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 (20min delay)
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Last
$4.02 |
Change
-0.055(1.35%) |
Mkt cap ! $12.24B | |||
| Open | High | Low | Value | Volume |
| $4.06 | $4.07 | $4.01 | $4.707M | 1.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 67961 | $4.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 75068 | 27 |
View Market Depth
| Last trade - 10.22am 02/05/2024 (20 minute delay) ? |
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Last
$4.01 |
Change
-0.055 ( 1.62 %) |
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| Open | High | Low | Volume | ||
| $4.05 | $4.07 | $4.00 | 560942 | ||
| Last updated 10.41am 02/05/2024 ? | |||||
| PLS (ASX) Chart |