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
21.0¢ |
Change
-0.010(4.55%) |
Mkt cap ! $623.2M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.0¢ | $727.9K | 3.324M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 1172926 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 626969 | 38 |
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| Last trade - 11.17am 01/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |