The volume and the share price movement in the last 2 weeks is mainly driven by the short sellers, imho. They are on both sides of the market and are still short selling STX to keep - as good as possible - control over the share price, but decrease their cumulative short position day by day...
One can see this pattern if you are follow the live trading for some time: each buying trade is immediately followed (seconds later) by a selling trade with smaller volume and a replenishment of the last offer position.
A very laborious way for short sellers to slowly reduce a short position and also with the not inconsiderable risk that a sudden change in the fundamental situation (for example, an exception to the existing onshore gas export ban) could trigger a short squeeze. ...the short position in STX had already exceeded 60m shorted shares before the TPD SoA.
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $530.0M |
Open | High | Low | Value | Volume |
17.5¢ | 18.5¢ | 17.5¢ | $1.194M | 6.650M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 835380 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.180 |
14 | 1366735 | 0.175 |
20 | 1659941 | 0.170 |
19 | 759410 | 0.165 |
31 | 1504984 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 835380 | 14 |
0.190 | 835738 | 8 |
0.195 | 685482 | 10 |
0.200 | 684790 | 10 |
0.205 | 599557 | 9 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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STX (ASX) Chart |