well... Think this way, suppose institutional investors has shorts open. Then if they participate in CR then they no longer need to purchase back from market to close the short, killing any chance for price to move upward when they need to close the shorts. Secondly, they can also use the shares received from CR to further short ZIP to oblivion.
How the price moves and market sentiment changes will depend on how ZIP gets its act together over the coming quarters. Because mindless expansion, rising BD and management who acts like headless chicken are not confidence inspiring at the moment.
All in my opinion. DYOR. Also, I am a LT holder and I keen to see how BNPL fits into the system over the coming years which is why I am still holding and besides at this point, no point selling them anyways. However, not a fan of current management.
well... Think this way, suppose institutional investors has...
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Last
$1.16 |
Change
0.005(0.43%) |
Mkt cap ! $1.264B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.19 | $1.13 | $12.72M | 10.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5215 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 31770 | 4 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
0.005 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| $1.14 | $1.19 | $1.14 | 1743719 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| ZIP (ASX) Chart |