ASIC regs require the reporting of short sales and also short positions:
http://www.asic.gov.au/short-position-reports
Not seeing much of ADO in there even before it got demoted.
It's also important to note that lending stock and short selling stock are two independent actions. One does not indicate the other. A party lending stock may simply wish to earn income on otherwise dead money. The borrower may wish to have stock available to on lend to smaller players, to hedge, and of course to short sell or on lend to allow others to shortsell.
The borrowing fees are relatively small and if the stock is held rather than sold, it can be returned with no extra costs.
It's an over statement to say that all the selling was caused by a big holder. It was caused by POC falling through. No one else looks at this stock in as much detail as you. It's erroneous to assume everyone can 'see' the same bright future you do. The market mostly wants real profits now rather than imagined profits in a few years. What has hapoened to the price only seems to surprise those who have gone furthest down the rabbit hole.
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Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $52.28M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $20.83K | 964.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2247357 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 164375 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2247357 | 0.021 |
9 | 1445497 | 0.020 |
10 | 2127381 | 0.019 |
5 | 1657002 | 0.018 |
3 | 1564748 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 164375 | 3 |
0.023 | 642868 | 9 |
0.024 | 741966 | 3 |
0.025 | 578846 | 8 |
0.026 | 83915 | 2 |
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