So to put this in context, and for my own learning, this is the short position data for PEN over the last 12 months, with the zero value being the consolidation. It has been hovering around 2%-1% since August 2024, with the recent rise the market's reaction to the plant delays. This 2.5%-2.7% has been enough to bring down the SP as much as it has. Thankfully the % shorts are on their way down.
IMO (in a hold on in quiet desperation kind of way) Could just be punters captalising on market sentiment (why not?), but I don't think the company is in a really bad spot at the moment. Delays? Yes. But I'm not in it for the day trading.
All an opinion, what would I know. I find all these technical details facinating
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
Day chart unavailable