Yes they appear to have pulled of a fantastic return and it would appear well deserved.
We shall see how many have closed out their positions in the next week. Shorting dropped dramatically yesterday and I suspect today.
Given the obvious back end revenue flow in the second half, I suspect SHORT covering will come quickly. At 3.3% of total capital on issue they are hardly in control.
IMO they will be given the next six months to right the ship with the appointment of a new CEO.
Short Interest in 3PL has tripled., page-2
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Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $274.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11475 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 1512 | 1 |
View Market Depth
| Last trade - 16.12pm 03/07/2024 (20 minute delay) ? |
| 3PL (ASX) Chart |
Day chart unavailable