I left a week ago and the ten days prior to that saw no reduction in the short position and I think you’ll find that it heavily increased after the SP tagged .13 a few times. Thing is, I wouldn’t even be worrying about it and just keep an eye on it for any significant changes. We used to watch it a lot as we were hoping to see a 107 mill reduction when the Hopper transaction got closed but since that position got increased and extended it just gave the green light to others to hop on.
I think folks not aware of what’s gone on keep hanging onto the idea that there will be a short squeeze to close the huge position and that’s just not the case. IMO.
Trade the trade then focus on the next one.
Cheers.
IMU Price at posting:
10.5¢ Sentiment: None Disclosure: Held
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