Three-year shorting graph.
I can't see any logical reason you'd want to keep shorting STX after it has already experienced a very large sell-off event. We are also producing strong revenues, so CR risk is limited.
The three main explanations for short-selling that I can think of are: a). bog-standard bot activity (with related-party transactions reported as short sales. 2). speculation/preparation for exiting the ASX 200, or 3). straight-up manipulation pending a takeover offer.
Might be a combination of all three.
Waylering 7, page-105
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $643.6M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 21.5¢ | $3.339M | 14.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 337869 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 1651352 | 24 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |