Id say the short interest has been used to cap price and shake out holders over the last 4 weeks. If so, the shorters are also buying and im sure they are in front on the long side. Once they have enough shares to close out the short side, that will only increase their profits on the long side.
Wish i could borrow to sell and borrow to buy. Great if you can get it. 30 Mill shares short. Over 140+ Million shares traded over the same time period (roughly). So they are (definitely) pushing price down using borrowed $$ and buying more in the long run.
The only saving grace is the price will most likely spike higher each time short interest is closed out. imho
WAF Chart, page-818
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Last
$1.39 |
Change
0.050(3.73%) |
Mkt cap ! $1.428B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.41 | $1.33 | $7.200M | 5.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 54362 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 80972 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.39 |
Change
0.050 ( 3.92 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.40 | $1.33 | 1591194 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WAF (ASX) Chart |