Shorting happens when a person has a view a stock price will probably go down rather than up so they sell shares say for $10 (borrow the shares for a fee but don't buy them so they can settle the trade ) and then buy shares later on market for say $8 and make $2 profit. Then return the borrowed shares to original owner that lent them.
Sometimes the shorting is so much volume over such a long period its hard for a price recovery until the company issues some positive news.
Google "Shortman" for daily shorting volumes. Its an eye opener.
All the best.
Why is Westpac share price falling?, page-224
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$31.72 |
Change
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Mkt cap ! $109.2B | |||
| Open | High | Low | Value | Volume |
| $31.82 | $31.99 | $31.55 | $327.9M | 10.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1395 | $31.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.73 | 8883 | 3 |
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