I thought when people cover their shorts it causes the price to go up, not down???
As they effectively are buying when they cover.
When you take a short position you are selling causing the price to drop and vice versa when you cover a short you are buying so price goes up.
SLR Chart, page-150
Add SLR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.44 |
Change
0.030(2.14%) |
Mkt cap ! $1.341B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.44 | $1.39 | $3.680M | 2.597M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18998 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 65765 | 5 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.43 |
Change
0.030 ( 1.74 %) |
||||
| Open | High | Low | Volume | ||
| $1.41 | $1.43 | $1.39 | 806688 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| SLR (ASX) Chart |