Sure GB, but it can also get to a point where a large short position becomes a target.
And that's what we have here a very large short position in excess of 100M shares and that's of 3 days ago, so its likely to be considerably higher than that now.
I personally like going long stocks where there are massive short position & the medium or long term fundamentals are good as those short sellers will become buyers.
They are banking on a CR.
I don't think they can bank on that at all.
Its certainly possible, but not bankable.
If they manage to get an asset away at a decent price (considering the current market) I think we will see the price rocket on short covering.
Buying at these levels I think will pay well in the end, perhaps in just a few short days/weeks.
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Last
$7.51 |
Change
-0.160(2.09%) |
Mkt cap ! $24.39B |
Open | High | Low | Value | Volume |
$7.61 | $7.63 | $7.51 | $41.29M | 5.471M |
Buyers (Bids)
No. | Vol. | Price($) |
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21 | 87359 | $7.50 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.52 | 47894 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 21985 | 7.500 |
13 | 23482 | 7.490 |
6 | 18400 | 7.480 |
5 | 40371 | 7.470 |
4 | 22899 | 7.460 |
Price($) | Vol. | No. |
---|---|---|
7.520 | 44337 | 4 |
7.530 | 723 | 1 |
7.540 | 9427 | 5 |
7.550 | 67 | 1 |
7.580 | 290 | 1 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$7.52 |
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Change
-0.160 ( 2.15 %) |
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Open | High | Low | Volume | ||
$7.61 | $7.63 | $7.51 | 849704 | ||
Last updated 15.59pm 04/06/2024 ? |
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