As per my post7557264 on 7 Sep there will be shares loosened up by the index funds
The last rebalance was around $3.50, so some 40% of those index funds may be released
Shorters will be aiming to take these out at as low aprice as possible
My guess is some 4 to 6 mill of shares will be available at close of business Friday
Assuming there is no meaningful announcement prior the shorters will have these shares marked to close out a signficant portion of their shorts
After the balance date the scenario shifts to one of playing around the timing of future announcements
It is likely that those same players who were shorting will move in the opposite direction, particularly where the current price levels are
WBT Chart, page-233
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Last
$1.89 |
Change
-0.025(1.31%) |
Mkt cap ! $357.0M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.94 | $1.89 | $1.067M | 560.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 29377 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 245 | 1 |
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| Last trade - 16.10pm 16/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |