Just my personal thoughts (not advice). I believe Weebit will fall out of the ASX200 in the next rebalance which in theory could make it more difficult for the shorters.
Weebit has also been gaining momentum with new contracts (DB Hitec) and new technical milestones.
I believe the shorters are keeping a close eye on the action and my gut is telling me that the are looking to push down the share price in the short term to cover their shorts and find another target.
At this point, my assumption would be that any revenue announcements would lift the price but not much else would in the current environment being dictated by the shorters.
Just my personal thoughts (not advice). I believe Weebit will...
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Last
$2.96 |
Change
-0.100(3.27%) |
Mkt cap ! $558.2M | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.08 | $2.96 | $1.630M | 544.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13888 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 2552 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.96 |
Change
-0.100 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| $3.05 | $3.05 | $2.96 | 98253 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WBT (ASX) Chart |