Australia's largest stock trading and investment forum Australia's #1 stock forum

NEU

Click for more information

0.33%

$20.94 neuren pharmaceuticals limited

Thanks for that. Very helpful.

First 9936 Last

Share
Profile

Follow
prismen

85 Posts.

101

30/04/24

16:52

Post #: 73589343
Share

Originally posted by kens: ↑

Prismen
*Shorting Explained:
A quantity of NEU shares have been borrowed by a trader from an organisation and sold by the trader. At some stage this quantity of shares has to be given back to the lender by the trader. The trader is hoping that his cost to replace the borrowed shares is less than the proceeds received from the borrowed shares. This is the traders profit. A problem exists for the trader if the share price starts to rise and his cost to replace the borrowed shares increases and starts to reduce his profit.
* In the case of NEU buying back shares to replace shorted[borrowed] shares may cause the share price to increase as not many shares are normally available to buy. Trying to buy back 2M NEU shorted shares in a short space of time will most likely force the NEU share price to rise due to a lack of available shares for the shorter to acquire.
I hope this note is what you required
Kens

Expand

Thanks for that. Very helpful.

NEU Price at posting: $19.20 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 286 more messages in this thread...

First 9936 Last

Add NEU (ASX) to my watchlist

(20min delay)
Last $20.94		Change -0.070(0.33%)		Mkt cap ! $2.681B

Open	High	Low	Value	Volume
$20.87	$21.19	$20.82	$2.813M	133.9K

Buyers (Bids)

No.	Vol.	Price($)
2	54	$20.93

Sellers (Offers)

Price($)	Vol.	No.
$20.95	375	18

View Market Depth

No.	Vol.	Price($)
2	29	20.930
2	453	20.920
6	323	20.910
7	455	20.900
5	334	20.890

Price($)	Vol.	No.
20.950	222	13
20.960	203	2
20.970	262	4
20.980	293	3
20.990	752	5

Last trade - 14.12pm 21/05/2024 (20 minute delay)


Last $20.94			Change -0.070 ( 0.24 %)
Open	High		Low	Volume
$20.99	$21.19		$20.82	65582
Last updated 14.30pm 21/05/2024 ?

NEU (ASX) Chart