If short positions are added aggressively each time the price starts to rise, then yes, the price is going south due to shorting.
This is not an opinion, it's plain to see when you match the dates on the price chart, and the shorting chart.
Another way to look at it is, price is dropping because of a lack of buyers, giving the shorts the dominance.
The price has not ended up where it is because long term holders have consistently closed their positions (sells) all the way to 38c. It's due to short positions entering the market (sells), all the way to 38c, or more accurately, a combination of both with a short dominance.
That dominance is the lowest it has been to date @ 1.2 million
ASM Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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