Zip is shorted because of BoA and the likes slowly buying up and lending their shares in order to keep pressure on SP.
They are cumulating on the cheap,IMO.
Every short has its story and this is my interpretation for Zip.
Bubs needs to show excellent traction in USA or it will be heavily shorted, especially since there’s no free China lunch.
Why is bubs moving on No News !!!, page-107
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $124.8M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $11.50K | 79.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 2676601 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 443176 | 14 |
View Market Depth
| Last trade - 12.39pm 14/05/2024 (20 minute delay) ? |
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Last
14.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 14.3¢ | 14.5¢ | 14.3¢ | 40907 | ||
| Last updated 12.27pm 14/05/2024 ? | |||||
| BUB (ASX) Chart |