This assumes that the short position is only concerned with a very short time period. I'd say they can build their position and let massive profits buffer any fluctuations in price.
Trust that on average they collect massive returns from nominal risk. These people are not the amateurs everyone is hoping they are. These are finely tuned algos tested and improved every day across a range of assets and markets. Even if some announcement came out tomorrow and wbt was about to collect massive amounts of revenue the entity managing the short position would simply flip to the long side if they had the right setup.
They are the smart money and they can absorb freak losses in one position because they manage risk. I think price is being held up to build orders either side of the consolidation
Short data on WBT, page-2235
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Last
$1.90 |
Change
0.055(2.98%) |
Mkt cap ! $347.6M | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.92 | $1.82 | $713.0K | 380.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1470 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 1821 | 4 |
View Market Depth
| Last trade - 12.48pm 04/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |