It not that they are betting on the share price going down. Its the fact that they do indeed drive the share price down by dumping shares (that they don't own) on the market, triggering stop losses etc. This has a "positive" feedback (unstable) on the system.
short interest peer perspective, page-8
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Last
$6.23 |
Change
-0.180(2.81%) |
Mkt cap ! $5.823B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.23 | $15.33M | 2.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 18426 | $6.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.24 | 7550 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |