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
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 (20min delay)
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Last
$1.45 |
Change
-0.085(5.54%) |
Mkt cap ! $1.355B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.53 | $1.43 | $8.493M | 5.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22084 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 15720 | 4 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$1.43 |
Change
-0.085 ( 5.01 %) |
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| Open | High | Low | Volume | ||
| $1.51 | $1.53 | $1.43 | 1784647 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| SLR (ASX) Chart |