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.
Shorting happens when a person has a view a stock price will...
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$28.22 |
Change
-0.260(0.91%) |
Mkt cap ! $97.71B | |||
| Open | High | Low | Value | Volume |
| $28.18 | $28.27 | $27.99 | $168.3M | 6.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8799 | $28.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.25 | 14421 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |