Air, there is nothing wrong with shorters having to contribute to buy side when they have contributed to a SP massacre resulting in a SP being heavily oversold on fundamentals, and the stock exiting the ASX 100
110 million shorts at average 3 mill volume per day is about 4o straight days of shorters contributing ALL the buy side (ignoring the other buyers who are getting back on board)
And shorts who don't cover by March div will have to pay their lenders another 9c fully franked as well (or whatever the div is) as well.
The only way is up.
Short Volumes, page-30
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Last
79.0¢ |
Change
-0.025(3.07%) |
Mkt cap ! $657.1M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 78.0¢ | $1.543M | 1.954M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11261 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 7575 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| MYR (ASX) Chart |