~ 18% of trade are shorts !

Nearly 18% of yesterday's trades were due to short selling pushing the SP down to 55c.
The shorters had been forcing down the SP in the past, and aggressively in the past few days.

_____ASIC Report __ ASX shorts __ % __ Trade Volume _ Close

23/05 ____________ 3,807,038 _ 17.86% _ 21,315,338 __ 0.550
22/05 ____________ 1,078,353 _ 19.44% __ 5,546,914 __ 0.600
21/05 ____________ 1,995,604 _ 19.07% _ 10,464,118 __ 0.600
20/05 ____________ 1,090,050 _ 10.81% _ 10,084,564 __ 0.615
17/05 _ 197,615,349 _ 638,247 _ 5.01% _ 12,740,153 __ 0.600
16/05 _ 197,743,605 _ 844,270 _ 5.99% _ 14,094,782 __ 0.610
15/05 _ 198,524,595 _ 556,804 _ 3.27% _ 17,052,939 __ 0.615
14/05 _ 197,708,246 _ 1,665,567_ 6.30% _ 26,447,943 _ 0.630
13/05 _ 196,464,032 _ 3,863,132 17.00% _ 22,779,856 _ 0.685
10/05 _ 194,560,443 _ 2,953,104_ 9.00% _ 32,823,928 _ 0.660
09/05 _ 192,724,604 _ 2,502,189_ 6.71% _ 37,313,976 _ 0.645
08/05 _ 193,985,756 _ 3,641,704 15.73% _ 23,156,895 _ 0.595
07/05 _ 203,711,878 _ 3,105,178 18.24% _ 17,021,359 _ 0.575
06/05 _ 205,938,788 _ 4,626,137_ 8.19% _ 56,487,116 _ 0.580
03/05 _ 205,421,307 _ 1,348,757 16.53% __ 8,160,793 _ 0.500
02/05 _ 205,566,697 ___ 755,211 14.08% __ 5,362,490 _ 0.485
01/05 _ 205,359,047 _ 2,905,287 36.71% __ 7,913,258 _ 0.500

http://www.asic.gov.au/ShortSell/ShortSellReports.nsf/HTMLReportSummary?OpenPage&Start=1&Count=30&Expand=4.1

https://www.asxonline.com/intradoc-cgi/idcplg?IdcService=ASX_COLLECTION_DISPLAY&hasCollectionID=true&dCollectionID=68&SortField=dInDate&SortOrder=Desc

Stop loss trades can lead to short sell by providers, further increasing the short sell.