No.1 shorted ASX stock...., page-4

The shorters are selling in to a fairly willing market of buyers at the moment. Since March 3, shorts have pushed on from 14.7%  to  18.3% and in the same time the share price has gone from 3.00 to 2.69 and now back up to 2.89.

That stabilisation and recovery has come in the face of shorts absolutely dominating sales - just look at the short percentage on the days since the uptick started
76.77
38.17
48.33
71.67
66.59
78.02
72.13
72.51

And then look at the news flow
Mar 2 - Directors buying
Mar 8 - SDJ SA makes P&I payment - no shareholder loans in more than 12 months
Mar 24 - SDJ SA starts receiving its substantial VAT backlog, 2 m USD received, 6.5m USD soon, & much more to come.
Mar 27 - SDJ SA releases 4.3 m USD in guarantees - 3.1m USD flows back in to ORE.


It is pretty reasonable outlook in my opinion.