Just showing the correlation between shorts and the SP.
Number of shorts:
10th March 3.4M
12th May 4.4M
22nd June 6.0M
13th July 9.7M
27th July 8.56M
The circles indicate the 4 periods where the stock has been heavily impacted.
It took 11 days for the SP to come back in the 1st period 9 in the 2nd & 8 in the 3rd. (Seems to be taking less time to rebound.)
While the number of shorts remains high, the stock is showing resilience in its ability to recover strongly.
As can be seen from the chart below the number of shorts peaked at 9.7M on the 13th of July but has shown a steady decline since the last figures were released on the 27th July where the number stood at 8.56M.
Just showing the correlation between shorts and the SP.Number of...
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Last
$2.96 |
Change
-0.100(3.27%) |
Mkt cap ! $558.2M | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.08 | $2.96 | $1.630M | 544.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13888 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 2552 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.96 |
Change
-0.100 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| $3.05 | $3.05 | $2.96 | 98253 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WBT (ASX) Chart |