AJX alexium international group limited

Trust, communication and habits, page-7

  1. 1,909 Posts.
    lightbulb Created with Sketch. 44
    That highlighted period from September 2016 through January 23rd 2017 when the shorts were finally covered looks like a futile exercise in short selling. They would have been caught in a big short squeeze after the bullish announcement gap up move on the October 19th 2016 and a big bullish move between mid December and late January 2017 when I assume they finished covering their short interest. I doubt they made any money and probably lost some in the process.

    It demonstrates why it is dangerous to short stocks like AJX which with their lowish volumes and penchant for sudden price moves with damaging short squeezes which can lead to very painful outcomes.

    Even with the additional short selling over that period, the gross numbers in percentage terms were not that large and I can't imagine had much if any impact on the SP anyway.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $12.69M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 1521039 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 3117282 3
View Market Depth
Last trade - 16.21pm 04/07/2025 (20 minute delay) ?
AJX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.