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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Tell me if I'm wrong here, but I think its pretty simple...
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Last
$1.95 |
Change
-0.050(2.50%) |
Mkt cap ! $368.3M |
Open | High | Low | Value | Volume |
$1.98 | $1.99 | $1.91 | $1.676M | 855.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5128 | $1.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.98 | 3374 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5128 | 1.950 |
5 | 13855 | 1.940 |
2 | 4924 | 1.935 |
5 | 8960 | 1.930 |
4 | 30934 | 1.925 |
Price($) | Vol. | No. |
---|---|---|
1.980 | 3374 | 1 |
1.985 | 3374 | 1 |
1.990 | 3374 | 1 |
2.000 | 8306 | 6 |
2.010 | 16748 | 2 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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