The short sell is increasing, but the price remain stable - SP only goes down in line with market. So if the price remain the same, short seller will eventually get burnt, SP will bounce back very hard.
I feel that someone is trying to target AAC to make acquisition at lower price, that is why price is capped, believe this will end soon.
thigns shaping up nicely for aacco, page-23
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 (20min delay)
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Last
$1.39 |
Change
0.020(1.46%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.36 | $613.8K | 445.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 358 | 1 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
