Almost all shorts are gone? Shortman hasn't updated the number of shares on issue but has reduced the number of shorted shares giving a very skewed chart of current shorts. Is that your source?
Shorts had been decreasing since July 2019 from 5.3% down to 2.3% prior to the consolidation which is pretty insignificant anyway. I guess the improved outlook of the company has had more to do with a reduction in shorts from what I can see.
I am 100% sure it has nothing to do with the consolidation.
SXY Price at posting:
$3.02 Sentiment: None Disclosure: Held