For those who think the shorting (or covering) doesn't make a difference to the price. I present exhibit A:
Shorts peaked 1 Feb and largely been declining since. Big reduction last Friday the 23rd.
Share price bottomed out on the 1st and peaked on the 23rd with a 32c rally on the same day. Guessing they might have double down this week, but those shares shorted will need to be bought back eventually.
Short data on WBT, page-2275
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |