Thanks for the shout out Waiken
Shorting - just apart of the game & one of the only games you can win a prize when the stock goes up or goes down.
Shorters began in May 23 when ARR broke down through 20c and "they" built their positions through to mid Oct '23.
ARR news has seen interest mounting in the stock and the SP increasing, corresponding in a decrease/covering of short positions. Nothing out of the ordinary for any stock. The current news cycle and end of year news (positive) should see the shorter sell out/buy back before the SP hits 19/20c. They'll make their money, move to other stock and always come back another day. ARR keeps hitting it's marks, no issues for the SP, long term - just trading. check out below for some newbie info.
The Basics of Shorting Stock
asx.com.au/data/shortsell.txt
ShortMan - Short position graph for ARR
Shorting, page-2
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 (20min delay)
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Last
22.8¢ |
Change
-0.003(1.09%) |
Mkt cap ! $112.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 22.0¢ | $115.5K | 508.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55145 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 94425 | 6 |
View Market Depth
| Last trade - 12.53pm 12/06/2024 (20 minute delay) ? |
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Last
23.0¢ |
Change
-0.003 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 23.5¢ | 22.5¢ | 388130 | ||
| Last updated 14.42pm 12/06/2024 ? | |||||
| ARR (ASX) Chart |