Tell me if I'm wrong here, but I think its pretty simple actually.
Index funds were forced to buy a shit load of WBT in 22/23, that drove the share price up further, shorters spot the SP is way overvalued, take advantage and borrow all of the index funds shares to bring it down to a MC thats below the 200/300 capitalisation cut-off. Shorters liquidate their short positions when the index rebalance comes about and WBT is kicked out of the 200/300. Shorters profit. Index funds take a bit of a hit, as they always do on the stocks that yo-yo in and out of the index, but make some decent coin off lending their shares out.
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Last
$2.09 |
Change
0.080(3.98%) |
Mkt cap ! $394.8M |
Open | High | Low | Value | Volume |
$2.05 | $2.14 | $2.03 | $973.0K | 466.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4253 | $2.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.11 | 9706 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11941 | 2.060 |
1 | 10000 | 2.050 |
1 | 4893 | 2.040 |
2 | 542 | 2.030 |
3 | 6173 | 2.020 |
Price($) | Vol. | No. |
---|---|---|
2.110 | 9706 | 1 |
2.140 | 785 | 1 |
2.150 | 7000 | 1 |
2.160 | 8369 | 4 |
2.170 | 2000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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