yep, 656k sold short yesterday and no doubt more shorting today.
The good news is that the ever increasing number of shorted shares will eventually have to be covered, and most likely at much higher prices ... more commonly known as a 'short squeeze'
It's a dangerous game with unlimited downside risk for those nimble enough to try and scalp 5% here and there. These guys look very clever right up to the point of being wiped out when the sp runs away from them.
more good news is the opportunity to pickup discounted stock at 12-12.5c .... not much risk here for the bargain hunter imo.
yep, 656k sold short yesterday and no doubt more shorting...
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.88M | |||
| Open | High | Low | Value | Volume |
| 25.8¢ | 27.5¢ | 25.8¢ | $12.21K | 45.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 143465 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NXS (ASX) Chart |