I think the shorters think many investors are stupid. If the shorters can drive down the price by selling to each other they think they can trigger enough stop loss sales and scare the ill-informed into selling at a loss. This is often cheered on by the financial media.
Top ten shorted stocks
PLS - forward PE 5.7, Return on equity 102.1%
SYR - china is playing games with graphite price, has support from USA
FLT -
ELD - el nino
CXO - has had a capital raise , forward PE 9.7, share price at 2 year low.
SHV - el nino
IEL -
MSB - has has a capital raise, share price at close to an all time low.
BRN - has world leading edge AI IP. Share price at 3 year low.
SYA -
Why are these shares just continuing to slump, page-19
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 (20min delay)
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Last
$1.11 |
Change
-0.120(9.76%) |
Mkt cap ! $1.267B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.11 | $14.06M | 12.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 168043 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 27647 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
-0.120 ( 9.28 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.20 | $1.12 | 1823761 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| MSB (ASX) Chart |