Difficult to ever find out the ratio but I would suspect that most of the 6.4% short positions are hedges therefore can be swapped at any time. So it would be unwise to think that there is ever going to be a squeeze on here.
Plus the weekly going back to 2015 is displaying that every support level has fallen and if it falls through the current level then there's very little to hold it now. That's not saying a reversal can't come anytime but it is saying that there is no signal to close short position anytime soon.
When we bring it back to the daily, it looks like you had a nice pump and dump recently which allowed many to escape. What holders need to see is green candles closing above that white bollie median as a positive signal but until then it's a strong sit on hands stock. IMO. Unfortunately the downtrend is still in full swing.
Looking forward to posting something positive as no chartist enjoys posting the above but got to read it as the indicators display.
Cheers
Difficult to ever find out the ratio but I would suspect that...
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Last
$1.84 |
Change
0.015(0.82%) |
Mkt cap ! $341.9M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.85 | $1.80 | $131.0K | 72.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 13599 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 15230 | 9 |
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| Last trade - 11.56am 02/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |