Shorts have been increasing.
https://www.shortman.com.au/stock?q=Upd
Chart looking a bit grim too, SP broke to the downside today, market lower though .
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=Au:upd&insttype=&freq=1&show=&time=7
Ann: Quarterly Activities Report and Appendix 4C, page-73
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