It has put some hedge funds on alert for ASX after Reddit Board squashed shorts on Gamestop.
Here is an article closer to home about the same on AFR. If link gets broken google "AFR Hedge funds on high alert for Aussie Reddit short squeeze"
https://www.copyright link/street-talk/hedge-funds-on-high-alert-for-aussie-short-squeeze-20210127-p56x2q
DEG did not make the AFR article list, but can be seen on ASX short sellers daily list for around 700K-1m shares roughly. Sometimes more.
I, like many other holders do believe there is price manipulation happening keeping the price down. For what reason is pure speculation at this stage. Will the Reddit Army come to our rescue over a mere $1m short? Probably not.
Hope there will be a lightbulb moment where it all should make sense.
Last note: TBH it has held up very well today considering.
It has put some hedge funds on alert for ASX after Reddit Board...
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Last
$1.39 |
Change
0.030(2.21%) |
Mkt cap ! $3.325B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.43 | $1.38 | $2.881M | 2.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 92639 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 19783 | 27 |
View Market Depth
| Last trade - 15.50pm 08/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |