The shorting is not the reason why the share price has pulled back it's a very small position at best this would impact maybe one day's trade. The price was always going to pull back, it's exhausted.
The last position was taken on the 19th the same day this announcement came out after 4pm "Change in substantial holding" I would say it was Liam Cornelius who shorted it. See that funny trade of 2.5 mil shares in the announcement. He knew his brother's company was going to unload a heap of shares so he took a short position.
The positive I see from this is he could have shorted a hell of a lot more. Also, his brothers company has unloaded some shares but he is accumulating.
Short is just the other side of the coin. You buy (Go Long) because you think the share price will go up, and you sell (Go Short) because you think it will go down. The only problem with shorting is it is far more risky as theoretically a share price can never stop going up and the potential for losses are huge.
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