shorts seller are going to have to cover soon. I imagine they will all do it before results next week. There are ~2million shares sold short which is very high historically for this stock.
There will be some big moves in this stock in the next week.
If you sell to them you are effectively selling to the likes of KImbo so he can cover his short (assuming you believe him that he sold short at 26).
I'm tipping we will see a short covering rally early next week.
Watch out for short cover rally In the next week.
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Last
$8.42 |
Change
-0.140(1.64%) |
Mkt cap ! $1.518B | |||
| Open | High | Low | Value | Volume |
| $8.52 | $8.53 | $8.34 | $4.998M | 594.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57397 | $8.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.43 | 7572 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |