As I highly surmised and posted last week regarding my suspicion of an increase of short selling, the evidence is clear.
www.shortman.com.au
As of the 23/05/2022 5.21% of shares on issue are short sold.
This is a all time high with 304,950,842 shares
Fully explains (to me anyway) and confirms the this stock has been manipulated by the short sellers
We can only guess who the largest holders of the short positions are however i would be confident it would be an Equity fund/Institutional Index Fund
I highly suspect these conglomerates are hedging their long positions as this is what they do
Short Position
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 (20min delay)
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Last
8.2¢ |
Change
-0.003(3.53%) |
Mkt cap ! $600.2M | |||
| Open | High | Low | Value | Volume |
| 8.5¢ | 8.6¢ | 8.2¢ | $1.246M | 14.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 446526 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 535664 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
-0.003 ( 2.38 %) |
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| Open | High | Low | Volume | ||
| 8.6¢ | 8.6¢ | 8.2¢ | 4518456 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| IMU (ASX) Chart |