Disagree Mdesai. TGR experienced the March 2020 covid drop like...

Disagree Mdesai. TGR experienced the March 2020 covid drop like all other stocks. It was then tracking the ASX200 index closely up until the release of the annual report on 19 August 2020. The release of the report caused a very interesting daily range spasm indicating that people thought the results were better than expected. From September 2020 Shortman data (Google Shortman ASX) show that shorts steadily increased from very low levels through to the present 13% forcing TGR to diverge steadily negatively from the ASX200 index. All plain to see on Shortman graphs and using your cursor to look at key dates in the 12 month shorting trend graph, and using your cursor to look at the same key dates in the CommSec 12 month price graph and the ASX200 index graph. Half year results will be better than expected is my take on the situation, with short covering coming into play. Looking at the volume graphs, it doesn't seem to take much volume to shift the TGR price upwards at the moment because of the short position.