Since we have been removed from ASX200, I would have thought the index funds would have given notice to the shorters that they want the borrowed shares returned. Does anybody know how much notice is given to the shorters? I can't see any evidence in trading to indicate the shorters are rushing to cover, but maybe that only happens near to the end of the notice period.
Of course, the shorters or their associates may also have been accumulating shares cheaply on those occasions they have driven down the share price. If so, they will have the means to return some shares to the lenders (funds) without having to buy as many on market. Nothing would surprise me on ASX.
Running discussion on SP, page-7145
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Last
$2.29 |
Change
0.010(0.44%) |
Mkt cap ! $435.6M | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.34 | $2.28 | $396.5K | 171.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 21791 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 7702 | 13 |
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| Last trade - 11.25am 28/05/2024 (20 minute delay) ? |
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Last
$2.30 |
Change
0.010 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $2.29 | $2.34 | $2.29 | 27490 | ||
| Last updated 11.45am 28/05/2024 ? | |||||
| WBT (ASX) Chart |