34.6% of trade are shorts !

34.6% of yesterday's trades were due to short selling, according to ASX reports.
LYC SP was sold down to 53c on thin trade but last minute buyers lifted LYC SP to close at 54.5c.
The shorters had been forcing down the SP in the past, and aggressively in the past 9 trading days, increasing the outstanding shorts reported by ASIC to > 10% of LYC issued share capital.

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

30/5_____________ 3,101,152 _ 34.61% __ 8,959,600 _ 0.545
29/5_____________ 3,293,424 _ 21.38% _ 15,405,913 _ 0.545
28/5_____________ 2,362,137 _ 26.70% __ 8,848,151 _ 0.525
27/5_____________ 1,595,097 _ 22.22% __ 7,177,761 _ 0.55
24/5_ 199,866,471 _ 1,667,850 _ 14.10% _ 11,831,447 _ 0.565
23/5_ 198,627,678 _ 3,807,038 _ 17.86% _ 21,315,338 _ 0.55
22/5_ 195,311,842 _ 1,078,353 _ 19.44% __ 5,546,914 _ 0.60
21/5_ 198,014,827 _ 1,995,604 _ 19.07% _ 10,464,118 _ 0.60
20/5_ 196,757,602 _ 1,090,050 _ 10.81% _ 10,084,564 _ 0.615
17/5_ 197,615,349 __ 638,247 ___ 5.01% _ 12,740,153 _ 0.60
16/5_ 197,743,605 __ 844,270 ___ 5.99% _ 14,094,782 _ 0.61
15/5_ 198,524,595 __ 556,804 ___ 3.27% _ 17,052,939 _ 0.615
14/5_ 197,708,246 _ 1,665,567 __ 6.30% _ 26,447,943 _ 0.63
13/5_ 196,464,032 _ 3,863,132 _ 17.00% _ 22,779,856 _ 0.685
10/5_ 194,560,443 _ 2,953,104 __ 9.00% _ 32,823,928 _ 0.66
09/5_ 192,724,604 _ 2,502,189 __ 6.71% _ 37,313,976 _ 0.645
08/5_ 193,985,756 _ 3,641,704 _ 15.73% _ 23,156,895 _ 0.595
07/5_ 203,711,878 _ 3,105,178 _ 18.24% _ 17,021,359 _ 0.575
06/5_ 205,938,788 _ 4,626,137 __ 8.19% _ 56,487,116 _ 0.58
03/5_ 205,421,307 _ 1,348,757 _ 16.53% __ 8,160,793 _ 0.50
02/5_ 205,566,697 __ 755,211 __ 14.08% __ 5,362,490 _ 0.485
01/5_ 205,359,047 _ 2,905,287 _ 36.71% __ 7,913,258 _ 0.50

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 short sell that lead to further drop in LYC SP.

* In spite of improving fundamentals, short sell hold down the SP and instils fear on investors that lost sight of LYC impending and potential future profit