It seems to me that most of the new shorts were added from approximately $22.30 and below.
That threshold of $22.20-30 is the point where they will all be substantially underwater, at best, break even. I'm expecting an orderly exit by range-finding the shares they need to buy back - and this is the week where the new and temporary range is defined, approximately $20.00 - $21.30, following that $21.30-$22.30 in pretty close alignment to the fib bands coming off of the recent $25.95 high.
Woe betide them should any positive surprises emerge or Jon's Roadshow really fire up some deep pockets.
It seems to me that most of the new shorts were added from...
Add NEU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.82 |
Change
0.120(0.61%) |
Mkt cap ! $2.530B | |||
| Open | High | Low | Value | Volume |
| $19.80 | $19.82 | $18.85 | $6.333M | 324.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | $19.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.83 | 1160 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$19.74 |
Change
0.120 ( 0.07 %) |
||||
| Open | High | Low | Volume | ||
| $19.76 | $19.80 | $18.86 | 101075 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| NEU (ASX) Chart |