Hi Guys,
Just came across this article and was shocked because it has DMP has the 3rd highest shorted stock on the ASX last week, see below-
http://www.thebull.com.au/premium/a/26582-top-30-shorted-stocks.html
Shorts are playing with fire in my opinion because the company is currently in an aggressive buyback which is supporting the price rise, All this means is that the shorts are going to have to cover at a higher price potentially if it keeps rising in order to not get absolutely torched and DMP already being a thinly traded stock means the price will rise even further in the short term at least.
Honestly didn’t think the shorts would go anywhere near this pup...
Good Luck All
DMP 3rd highest shorted stock on ASX
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Last
$32.60 |
Change
0.010(0.03%) |
Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
| $32.56 | $32.66 | $32.28 | $5.633M | 173.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 704 | $32.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.61 | 305 | 1 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| DMP (ASX) Chart |
