Shorts appear to have tentatively peaked for the moment at 5.68% and
marginally tapered down to 5.41% according to Shortman as of 13/1/20.
That’s about 90 000 000 shares short to cover should MYX ever step forward with a
positive announcement that scares them into covering their positions or
an unexpected hostile takeover bid. Shorts not concerned about potential
Nuvaring approval or Estelle at this stage and mustn’t be expecting any great
improvement in the half year numbers. Scott said he expected a couple of
products to be brought to market next month (December) and we’ve heard
nothing more about them. Can’t help but think they often suggest things will
happen sooner than they really will or do and the market knows Scott’s patterns
of exaggeration and talking things up when the reality is completely different
to the predictions. Therefore it looks like things are set to drag on for quite some
time. Best thing that could happen is to cut costs and tightly manage the finances
with the finger on the trigger ready to act when the market turns around which
could be quite some time away given the track record of this company with way
more down years than up years.
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Last
$4.65 |
Change
-0.130(2.72%) |
Mkt cap ! $395.5M |
Open | High | Low | Value | Volume |
$4.72 | $4.76 | $4.56 | $825.4K | 176.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1960 | $4.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.68 | 123 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1960 | 4.620 |
2 | 1210 | 4.610 |
3 | 7160 | 4.600 |
2 | 2960 | 4.590 |
1 | 960 | 4.580 |
Price($) | Vol. | No. |
---|---|---|
4.680 | 123 | 1 |
4.690 | 123 | 1 |
4.700 | 123 | 1 |
4.710 | 123 | 1 |
4.720 | 1083 | 2 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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MYX (ASX) Chart |