WBT 3.27% $2.96 weebit nano ltd

The big Q is though Flight.......how did the shorters know from...

  1. 1,402 Posts.
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    The big Q is though Flight.......how did the shorters know from the end of Feb/start of March 2023, to short WBT to such an extent that currently (some 6 months later) that position is over 9M, or ~5% of SOI?

    Remember after all this is a tech company on the brink of commercialising a game changing product in its class/sector - so how would you cover such a large % of stock quickly right now if needed? This may not be a popular opinion on HC, but from the early part of this year something stinks here (I have no idea where from....), but the shorters are clearly one step ahead at all times, and your chart (in my opinion only) tells me that WBT is not releasing any big announcement any time soon. I also have a sneaking suspicion that if/when the time comes for an announcement, days prior to this, the SP will plunge to help cover the short position.

    Ultimately, i believe WBT will succeed, and have for many years had faith (pre-consol), I'm holding and will remain so - but to me others have had the jump on us mere retail since the turn of the year.
 
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Last
$2.96
Change
-0.100(3.27%)
Mkt cap ! $558.2M
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$3.08 $3.08 $2.96 $1.630M 544.6K

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No. Vol. Price($)
4 13888 $2.96
 

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Price($) Vol. No.
$3.00 2552 4
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$2.96
  Change
-0.100 ( 3.33 %)
Open High Low Volume
$3.05 $3.05 $2.96 98253
Last updated 15.59pm 03/05/2024 ?
WBT (ASX) Chart
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