And I'm sure there are hedge funds that focus on exactly these types of events i.e. where a company has just scraped into the ASX 200/300 and then releases a bad announcement, meaning they will fall out again in a couple of months.
I would also point out, however, that I think a lot of so-called reported "short-sales" are, in fact, lending agreements between related entities. This means short-sale data is often correlated with increased bot activity as well.
STX Charts, page-1370
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Last
22.8¢ |
Change
0.003(1.11%) |
Mkt cap ! $643.6M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.8¢ | 22.5¢ | $285.3K | 1.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 585385 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 784998 | 20 |
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| Last trade - 10.38am 04/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |