The Jun 30 aggregate report is in - a day where 2.2M shares were traded - and the shorts remain nearly 3M shares in the hole. Seems somewhat suspect that so many shares moved and the short position remained basically unchanged (neither net sellers nor buyers). Maybe some large shareholder decided to dump the same day another big player was waiting to open a large position. Or, maybe the shorts were wash trading in the hopes that high trading volumes would shake out some weak hands. Since Jun 30, trading volume has been relatively low (not enough shares traded for the shorts to close a meaningful number of shares).
Regardless, the situation remains unchanged and can only end two ways - either the longs capitulate in volume so the shorts can close their position or the longs don't capitulate and the shorts eventually get squeezed. Every day that goes by without the shorts closing is another day they have to post margin and pay interest to keep their position open.
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Last
41.5¢ |
Change
-0.045(9.78%) |
Mkt cap ! $186.3M |
Open | High | Low | Value | Volume |
43.0¢ | 45.0¢ | 41.5¢ | $109.6K | 258.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 59174 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 16321 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11598 | 0.425 |
3 | 15336 | 0.420 |
4 | 17950 | 0.415 |
3 | 61352 | 0.410 |
2 | 32200 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 28921 | 6 |
0.440 | 15912 | 4 |
0.445 | 5052 | 1 |
0.450 | 1502 | 1 |
0.455 | 25466 | 1 |
Last trade - 10.58am 29/08/2024 (20 minute delay) ? |
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