How many shares will need to be traded today for the shorts to cover their 6m outstanding?
Details of shorts here: https://www.shortman.com.au/stock?q=NUH
I do remember some knowlegeable poster suggesting that to buy (or sell) a large block of shares quickly took a turnover of a factor of about 5 times the volume.
To cover 6m shorts it may take 30m turnover.
If it was/is the shorts covering today, then only 19m shares have traded so far. This may have the potential to go for another run this afternoon.
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