are we seeing the start of a squeeze on the short positions?
Having never been short I can only estimate that the two main issues to buy back your position are
1) Improving fundimentals of the company OR improved perception of this
2) Volume decreasing that makes it harder to rebuy back in.
We have just had the quarterly which was received as an improved fundimentals in the future.
with an hour of trade today volume is below 300,000 and shareprice has been supported around 48c I`d be getting nervous if a good company announcement was about to come out.
It time I think when the shorts are now playing bluff with each other. SHOULD BE MUCH BETTER TO WATCH THAT ACTION
are we seeing the start of a squeeze on the short...
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |