Isn't it the case that a short seller will aim to sell high and buy low? YES
So a short seller's actions would pressure the share price when its high and support the share price when its low.
The fact that the shorts have been closed out means that there is no more buying support coming from the short sellers that want to cover their position.
Spotlight on American Rare Earths, page-4017
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $135.9M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.0¢ | $56.46K | 206.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29000 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 29345 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ARR (ASX) Chart |