From my analysis of the shorting since June 1st and now that it has moderated, is that is is targeting a price in the low $3. Every time the price rises into high 3's or 4's the shorts come in strong. Every time the price dips below $3 the shorts disappear. FWIW I guess that is what the brains trust thinks the value of this share is.
Running discussion on SP, page-6365
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Last
$2.29 |
Change
-0.060(2.55%) |
Mkt cap ! $432.6M | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.36 | $2.29 | $1.381M | 595.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32744 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 2145 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |