AC8 0.00% 4.0¢ auscann group holdings ltd

Why the 6% drop today - with no news, page-36

  1. 1,299 Posts.
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    The short position on AC8 is 12th on ASX at  56,890 shares.

    https://www.asx.com.au/data/shortsell.txt

    The number of shorted shares is not huge but the percentage is high. I don't think this is a big problem for shorts to cover with the current volume. However, I wonder if the shorts are selling short today to get it to drop so badly. If they do, the covering of short position will see a sharp bounce once the trend reverse.
 
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