It looks like the shorters had a good run in the last month with MIN. It didn't take much to tip the scales, money for jam. Tipping that they'll continue unwinding short position's further at these low prices.
Pretty simple math:
11 June price was $18.86 / 2.4% of stock shorted
21 June short positions peaked at 3.6%
5 July price was $14.94 / 3.2% of stock shorted
https://www.shortman.com.au/stock?q=min
Wodgina Valuation +$3.5B, page-14
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Last
$38.47 |
Change
0.010(0.03%) |
Mkt cap ! $7.560B | |||
| Open | High | Low | Value | Volume |
| $37.50 | $39.16 | $37.50 | $117.0M | 3.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 285 | $38.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.53 | 528 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |