I know I am one of the people who speaks about shorting, often but I agree with what you've written here. It may have some impact but it doesn't explain the 12-18 month disconnect from share price performance and the value creation the business has done in that time period so to blame shorting doesn't make sense and I agree with that.
The thing that does seem odd is the amount of turnover (volume) generated. We're a 1.5b market cap company with reasonable shares on issue (125m~), but a single broker/group has generated 78m shares worth of volume of stock in just the last 12 months? Is that considered normal? if we look at the top 5 net sellers who are all US investment banks they've traded 176m shares between themselves and we only have 125m shares on issue. I know they are trading back and forth but they need a reasonable pool of shares to begin with surely?
Maybe that's the case for everything in the indexes and it's just a constant back and forth of computer based trading and rebalancing activities.
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NEU
neuren pharmaceuticals limited
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$13.16

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Last
$13.16 |
Change
0.060(0.46%) |
Mkt cap ! $1.643B |
Open | High | Low | Value | Volume |
$13.20 | $13.36 | $13.07 | $1.357M | 102.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 70 | $13.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.16 | 289 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 535 | 13.170 |
1 | 92 | 13.160 |
8 | 516 | 13.150 |
5 | 1039 | 13.140 |
3 | 988 | 13.130 |
Price($) | Vol. | No. |
---|---|---|
13.180 | 375 | 8 |
13.190 | 272 | 4 |
13.200 | 395 | 5 |
13.210 | 1306 | 5 |
13.220 | 1347 | 5 |
Last trade - 11.01am 16/06/2025 (20 minute delay) ? |
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NEU (ASX) Chart |