Morning Just_a_guy.
MTS is trading top heavy with some danger of falling out of its channel with a run of green days. The shorting is so high because much of the trade seems to be a swap between the institutions (probably a bear put spread with the idea of keeping the price low as long as possible and spook would be investors as bonus). Buy to sell ratio is set to take profits either direction rinse and repeat. They will just keep taking turns lending between themselves so the shorts can and will stay, as this benefits them.
Mind you, I have not seen JP for a few weeks. If and when they appear this tells the top is near, too many green candles and JP will appear!! argh!!! then this squirrel sells fast! He has an allergy to JP in close proximity to his MTS.
Short Squeeze - Phase 2, page-34
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Last
$3.11 |
Change
0.030(0.97%) |
Mkt cap ! $3.413B | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.14 | $3.10 | $11.47M | 3.680M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 97277 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 35467 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MTS (ASX) Chart |