Gents if check back over past 6- 9 months (peak short activity period) - UBS Securities has moved back & forth over & under 5% substantial shareholder threshold. Most unlikely to be proprietary trading by UBS - given the stock price movement over this time (not gyrating from lows to highs) it would be highly unlikely they are changing views & adjusting position so frequently.
Rather my guess is UBS securities is handling one of the two large Super fund shareholders accounts (only plausible lenders of such large lines of stock to shorters), and is handling the loans/repayments of their shares to the short seller(s) account. Can see in latest UBS notice they are starting to receive lent stock back (consistent with declining published ASIC short data).
Further to 144edward's post of 4th November (http://hotcopper.com.au/threads/the-short-squeeze-starts.2373276/page-37?post_id=14234969), I would be very sceptical that ASIC daily short position data showing the complete picture. If you download the YTD file instead, can work out their rough entry price on majority of short positions, and see recent spike in volume & price as they scramble to buy stock back (got greedy & have overplayed their hand, now getting squeezed & likely more pain to come) and recent reoprts of them shopping around large shareholders to try and buy back large lines of stock (see earlier posts). As per 144edwards' post - their best ally in a losing trade is opaqueness in their covering activities, so don't expect them to leave a nice breadcrumb trail.
Long and short of it (excuse the pun) - look through these substantial shareholder notices & recent ASIC data - these chumps are on the ropes & more pain to come. Stay tuned for the AGM next week...
NXT Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
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