Yes, agreed. I've just come in at 60c. Short-selling has been decreasing since June, and this month's high (last Thursday) has only a daily high of 3.2m shorted. This week's daily average looks to be less than 1m shorts.
The momentum will swing very soon IMO. Great P/E ratio, no hedging (which with a seasonal bullish run in the PoG ahead of us July through September is a big plus), decreasing debt and earnings running at 15cps makes me wonder why there's people shorting this stock at all. The cynic in me (which I try to keep contained) sees its shorting as an attempt to drive the price lower to pick 'em up again at a better price...but I really have no evidence of that.
Planning to hold now until at least October (without a stop loss).
