Some observations: Shorts increased from 1.38% to 1.45% (4 Aug.) = 2,372,000 shares Average daily turnover last 25 trading days: 1,629,809 shares Shares issued: 163,610,000 Average daily turnover = 1% of shares issued Last 5 days trading average 869,323 Average daily turnover = 0.5%
Seems to show that holders are happy with their positions and awaiting FY. Short attacks not working, not provoking cascading stop-loss. Share price should strengthen due to: Lack of liquidity short covering and confidence awaiting results. MACD seems to be bullish.
ZNO Price at posting:
$2.32 Sentiment: Buy Disclosure: Held
