What Gives.....

So....the big short sales occurred 20th Jan, 22nd Jan, 25th Jan & 27th Jan (between 210 - 290k of shares shorted on each of these days).

Curiously, the stock spiked 7% on Jan 25th when someone was shorting 290,000 shares and spiked a further 4.5% on Jan 27 when 280,000 shares were being shorted.

The stock actually hit an intra-day high of 63c on the 27th before settling at 57.5 before rising 1.7% on the 28th to close at 58.5c.

Everything was looking very rosy indeed but I have absolutely no idea what the hell has happened since then. In the last 11 trading days the stock has collapsed 23% on the back of relentless selling by (it seems) a large shareholder.

And there was no respite into this afternoon's close with something like 1.46million shares dumped in the last 30 mins - representing 31% of the entire day's turnover.




I for one would certainly appreciate some news from the company - especially as it pertains to the IG Investment Management Group of Canada - a company that has been reducing its holding from 16.18% (in Dec) to less than 13.1% as of this week.
Yet, when Beston released its Top 20 List on listing, the biggest shareholder only held 14.99% of the company.

Where did IG's 16.18% "sit" in all of that?!?