I am a LTH and big believer in this company. I started buying NVX shares at $1.04 and haven't sold any. Like many on this forum I am totally perplexed at how low the share price is, and the apparent indifference of the market as to the potential of this company. I'm interested to hear what others believe the effect of shorting has on the current share price and recent (seemingly) inexorable drop. According to Short Man, NVX has gone from less than 1% shares shorted in late June to more than 4% now. In fact it had the third highest increase (by %) of all companies on the ASX in the last month. So my question is - is short selling a result of the low share price or is it the (artificial, ie manipulation) cause of the low, (and falling) price?
SHORTING
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Last
71.0¢ |
Change
-0.020(2.74%) |
Mkt cap ! $347.1M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 73.5¢ | 70.5¢ | $901.2K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12553 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 25000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
70.5¢ |
Change
-0.020 ( 2.77 %) |
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| Open | High | Low | Volume | ||
| 72.5¢ | 72.5¢ | 70.5¢ | 395596 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| NVX (ASX) Chart |