Well shorters are still receding as SP pressure is sustained. Might even be a bit more SP squeeze available there if another genuine buyer has a tilt before the shorts have exited gracefully. The percentage has reportedly dropped one percent (a bit over 3 million shares) since the 2 July and the 10 day average of trading volume has stayed around a around 1.5 million. There has been some churn of shorts I believe which might have been to pressure the SP down and/or just reflecting the mixed sentiment.
I think it's established above $3 now for the foreseeable future. Not much to push it back down as shorts back away and NAN reconfirms its management credentials and growth prospects. May take a few more dips over the year but the company keeps delivering so I don't expect many more bargain SP opportunities like April for a while.
All IMHO
Shorters of NAN Sharpening their Pencils, page-100
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.56 |
Change
0.000(0.00%) |
Mkt cap ! $1.078B | |||
| Open | High | Low | Value | Volume |
| $3.51 | $3.58 | $3.50 | $5.247M | 1.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1406 | $3.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 8907 | 5 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| NAN (ASX) Chart |