Phantom i dont think shorts are too worried. There will likely be a few who will cover into news but the main players likely have a much lower target.
As discussed in the other thread a maximum of around $30m can be earned for our share of the embedded market.
Put a multiple of 20X on that for $600m MC; and that's by 2028. Of course a higher multiple can be expected as discreet gets closer but theres still a big revenue gap for the next few years.
I really don't think we'll be seeing any spectacular short squeeze.
Short data on WBT, page-1839
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Last
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $436.3M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.35 | $2.30 | $611.1K | 262.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 29735 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 2938 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |