I think shorts are now trapped. For the last 30 days they managed to reduce their short position by 93k shares or 3.2%. At the same period the share price appreciated by 8.4%, from $14.25 to $15.45. I know that this correlation does not mean it is a causation we can prolong into the future, but an increased possibility. We were waiting for this trap, which was seemingly the only possibility to get rid of shorts, for a very long time and possibly it has finally arrived, thanks to the share buyback, more publicity and upcoming catalysts. Now the shorting could become a blessing.
Shorts are trapped
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Last
$15.23 |
Change
-0.160(1.04%) |
Mkt cap ! $763.0M | |||
| Open | High | Low | Value | Volume |
| $15.39 | $16.02 | $15.22 | $2.031M | 129.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186 | $15.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.36 | 646 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| CUV (ASX) Chart |