WazzieAssuming we are still in the the ASX300 there still...

Wazzie
Assuming we are still in the the ASX300 there still appears to be an opportunity for shorters to exit a reasonable portion of there shorts

Tha price at the last rebalance in March 2024 was around $3.50
The next rebalance date is Friday 20 Sep 2024

If an index fund reweights its holdings on that date and prices hold up around $2, then we may expect up to 40% drop in their holdings of WBT shares
As a guess this may release about 3-5 mill in shares which shorters can effectively use to cover their shorts

The amount of WBT shares released would of course been a lot more if we had dropped out of the index alltogether

The shorters will wish to hold the price down over the next 2 weeks and hope that WBT will not make any material announcement in the meantime and that no other meaningful buyers enter the fray

It will be fun to watch over the next 2 weeks as a potential buying opportunity still presents itself due to the short term desire of shorters

Following the rebalance date we enter a new 6 month era where the shorters intent may switch as WBT has a clear period in which to advance its tech and collaborations with Tier1 Foundries/IDMs