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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The volume and the share price movement in the last 2 weeks is...
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Last
20.3¢ |
Change
0.013(6.58%) |
Mkt cap ! $565.0M |
Open | High | Low | Value | Volume |
19.0¢ | 20.5¢ | 19.0¢ | $1.110M | 5.590M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 1656904 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 2375238 | 48 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 1592825 | 0.200 |
43 | 2483983 | 0.195 |
81 | 3365624 | 0.190 |
26 | 1663764 | 0.185 |
30 | 1670035 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 2372286 | 44 |
0.210 | 1339710 | 14 |
0.215 | 1054467 | 12 |
0.220 | 1121838 | 15 |
0.225 | 581921 | 7 |
Last trade - 15.30pm 31/07/2024 (20 minute delay) ? |
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