I keep a crude measure of shorts which is ---- the most recently reported daily short position plus the daily gross short sales reported from that reported position date
That gives me a general indicator.
I realize that shorting is very sophisticated and that shorters can short and cover on the same day and also they can simply buy in the morning and sell all or most of those in late afternoon to suppress the price.
Little Cog I assume you have a deep knowledge of shorters' antics.
My shorts record had come down from 1125 on 14.10.23 including the USA to 317 on 17.10. In fact 317 was the lowest level of shorts since I started recording 6 months ago.
Yesterday the daily gross shorts were 124.5k which is the highest daily amount since I started my record.
I noticed yesterday that the sellers were working hard to get the price back from back from 0.16 which seems to be a new level of resistance.
I am not a chartist so I speak metaphorically.
My theory is that the shorters can see the big wave of USA buyers on the horizon and are getting out but they and other parties are still working hard to suppress the price for whatever motives they have.
Good numbers are building on the OTC QX Sales equivalent to 50k and 60k in the past week.
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $131.0M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 26.5¢ | $33.22K | 125.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 122153 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 5523 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 122153 | 0.260 |
4 | 59605 | 0.255 |
5 | 79504 | 0.250 |
3 | 89081 | 0.245 |
7 | 168100 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 231838 | 3 |
0.280 | 10738 | 2 |
0.285 | 452500 | 2 |
0.290 | 110000 | 2 |
0.295 | 42384 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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ARR (ASX) Chart |