Shortings down a bit yesterday, 107K out of 1.00M = 10.7%.
At 31/3 (day before the announcement on 1/4), shortman chart shows total outstanding shorts of 4.44M = 2.7%.
Since 1/4, additional 1.52M + 0.399M + 0.107M = 2.26M shares were shorted, and all where shorted above 68c (on 1/4), 86c (6/4) and 82.5 (7/4). Are shorters betting on SP drop back to per-announcement level of 60c?
Interesting to see tomorrow in shortman how many of 1.52M shorts will be added to total outstanding shorts.
ZNO Price at posting:
80.5¢ Sentiment: Hold Disclosure: Held
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