Agree. even if there is no short squeeze, it would be safer for shorter to close their position and wait for next opportunity.
Bellamy is a middle/low end brand now, no matter how Bellamy cut price, they won't impact A2 much. Daigou promote A2 as the "Hermes" (luxury brand) in milk industry.
Think as if you were the shorter, page-43
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Last
$6.56 |
Change
0.080(1.23%) |
Mkt cap ! $4.742B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.57 | $6.45 | $9.696M | 1.489M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9840 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.57 | 25983 | 6 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |