Thats the thing though, as we've seen of late in the after trading auction 1.4 million is easily traded in 10 minutes. I previously though that such a large number of shares would influence the SP considerably in the positive, but that didn't happen. Or at best had a negligible influence on the SP.
The shorters have mastery over the SP at the moment and they're making profits large and small and will do so for some time to come. In fact, even after approval the stock will likely attract more shorts. Yes I think the price will pleasing for most after approval but this stock is no longer in the shadows. The vultures are out.....
short interest rising due to ext of time perhaps?, page-5
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Last
$15.70 |
Change
0.470(3.09%) |
Mkt cap ! $786.6M | |||
| Open | High | Low | Value | Volume |
| $15.45 | $15.75 | $15.18 | $1.821M | 116.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 280 | $15.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.74 | 317 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| CUV (ASX) Chart |