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24.5¢ strike energy limited

gimo211,You have been doing your homework. I appreciate the...

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Hardcash

6,316 Posts.

742

07/02/24

13:23

Post #: 72283783
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Originally posted by gimo211: ↑

Understand your point.

It is entirely conceivable that the index funds may commission a third party to do the short selling. Or a third party acts as a short seller at its own risk and sells the necessary number of shares to the index funds in an agreed process between the two parties.
The phrase "selling to itself" describes the principle mechanism and can also be used in this way.

Ultimately, the index fund acts as a guaranteed buyer of the shorted shares and can thus ensure that it promptly reflects STX in its fund in the necessary proportion. The new shorted shares are reduced over a long period of time according to the procedure described above and returned to the lending side.

This is how I interpret what we have seen so far in trading and what could be the reason for the existing high aggregated short selling volume.

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gimo211,

You have been doing your homework. I appreciate the education!

Last edited by Hardcash: 07/02/24

STX Price at posting: 43.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 24.5¢		Change 0.010(4.26%)		Mkt cap ! $694.0M

Open	High	Low	Value	Volume
24.0¢	24.5¢	23.5¢	$565.7K	2.336M

Buyers (Bids)

No.	Vol.	Price($)
42	1526509	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	2295442	43

View Market Depth

No.	Vol.	Price($)
43	1527153	0.240
25	1498419	0.235
26	1481204	0.230
18	634251	0.225
19	404300	0.220

Price($)	Vol.	No.
0.245	2247692	42
0.250	3380950	33
0.255	414894	16
0.260	1142052	23
0.265	402375	10

Last trade - 13.25pm 14/05/2024 (20 minute delay)


Last 24.0¢			Change 0.010 ( 1.82 %)
Open	High		Low	Volume
23.5¢	24.5¢		23.5¢	1552183
Last updated 13.45pm 14/05/2024 ?

STX (ASX) Chart