~2 million (~10%) in overall reduction over two days checks out. But it looks like it wasn't just short position closures. If if the shorts were cycling, the volume is over 4 times the short drop. The writing was on the wall though with the gradual decline in shorts and a gentle rise in SP.
The writing was on the wall on the 22nd.
I reckon they will get under 2% and then the riffraff will lurk around for a bit but not with any weight of bigger operators.
Might be some SP consolidation at that point. Some profit taking could even fill the 1.74 gap. I will have a low ball there just in case.
~2 million (~10%) in overall reduction over two days checks out....
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Last
$2.33 |
Change
0.030(1.30%) |
Mkt cap ! $1.609B | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.34 | $2.27 | $2.949M | 1.276M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 19139 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 14111 | 3 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |