I am only a reasonably new holder, but I was concerned when I was buying about the shorting of BUB.
From late March, the total shorts have steadily increased from around 1.5m shares to over 15m shares (or 2.93%) at last report (as at 17 Oct - https://www.shortman.com.au/stock?q=bub).
And when you look at the daily shorting, there have been a few recent days where the short-selling appears to have ramped up & has reached over 20% (ie that's 20%+ of the day's sells) and as high as 31%, including Thursday/Friday last week & Monday this week. So that certainly has "helped" stifle the share price, particularly since 10 Oct.
I would expect the shorts % for today (published by the ASX tomorrow) will easily show a 20%+ figure.
As to the reason behind the shorting, I have no idea, as shorting activity can be undertaken for a variety of strategies including accumulation.
Just for information & perhaps for keeping an eye on!
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $107.0M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $210.8K | 1.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
86 | 4254671 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 794884 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
86 | 4254671 | 0.120 |
53 | 2983989 | 0.115 |
54 | 2826354 | 0.110 |
20 | 953905 | 0.105 |
32 | 996273 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 774884 | 49 |
0.130 | 1633094 | 27 |
0.135 | 851064 | 17 |
0.140 | 1311963 | 17 |
0.145 | 1138794 | 26 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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BUB (ASX) Chart |