The latest data from Shortman supports this theory.
On 16 Oct the share price increased from $3.80 to $3.94. However, on the ASX 3,087,664 of short transactions. This was 0.53% of capital and above the average.
On the 16 Oct the total short positions reported to ASIC declined from 18.66% to 18.26%. This is a reduction in short contracts of around 2.3m contracts. Thus, there were 3m new short trades on the ASX and probably around 5.3m (2.3 + 3) trades to close out short positions (maybe on CHI-X).
Not sure what this means. There are still 107m open short positions when daily turnover is around 2m to 5m and the share price is rising.
The latest data from Shortman supports this theory. On 16 Oct...
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Last
$5.09 |
Change
-0.110(2.12%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $5.11 | $5.20 | $5.09 | $15.77M | 3.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 44376 | $5.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 48941 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IGO (ASX) Chart |
