Interesting snippet from the "Fool" from a week ago - WBT was then in the top 10 most shorted stocks.
"...Weebit Nano Ltd (ASX: WBT) is back in the top ten with a short interest of 7.5%. The smart money appears to believe this semiconductor company is another Brainchip Holdings Ltd (ASX: BRN) style meme stock."
Since WBT now has commercial agreements with 3 foundries (SKYT, GF and DBH), I wonder how they can come to the conclusion that it is a "meme stock", let alone that the shorts represent "smart money". It's going to get really interesting when WBT announce the next couple of signings. My feeling is the actual "smart money" has been steadily accumulating at these low prices, at below the last CR.
Yesterday, WBT had dropped out of the latest "top 10" most shorted stocks, according to the "Fool".
All IMHO, DYOR
Weebit - 2024 and beyond, page-132
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Last
$2.32 |
Change
-0.080(3.33%) |
Mkt cap ! $430.0M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.48 | $2.16 | $7.484M | 3.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2807 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 495 | 1 |
View Market Depth
| Last trade - 14.44pm 16/05/2024 (20 minute delay) ? |
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Last
$2.39 |
Change
-0.080 ( 2.31 %) |
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| Open | High | Low | Volume | ||
| $2.44 | $2.48 | $2.16 | 517243 | ||
| Last updated 15.04pm 16/05/2024 ? | |||||
| WBT (ASX) Chart |