The majority of shorts volume went through on 4 March of around 1mil and the positions would have to have been around the 21c/22c mark so yes, they are well under water ATM.
If some strong GPTV or ADI news comes through then the SP may continue marching on and those shorter/s will seriously need to think about closing their positions at a loss before it gets away on them.
Shorted big time yesterday, page-41
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