There appears to be a direct correspondence between the elevated traded volumes (roughly 2x) between 29 May and 3 June (4 days) when the SP dropped from $2.08 to $1.67, and the increase in the shorts (~ 1.2 million). So maybe not so much "tax loss selling" and more likely the shorts keeping a lid on the SP. But the shorts now have another 1.2 million that have to be bought back at some stage. Short selling at the "bottom" of the trading range is surely incredibly risky for them. Any good news from the company that lifts the SP will immediately put those shorts in the red. That's not a bet I'd want to be taking.
All IMHO, DYOR
There appears to be a direct correspondence between the elevated...
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Last
$1.67 |
Change
-0.120(6.72%) |
Mkt cap ! $346.5M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.80 | $1.66 | $1.711M | 1.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9030 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 1194 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| WBT (ASX) Chart |