One reason could be that there was one fund manager named UPD one of the top 5 stock to be short in 2018.
Five top short ideas
Karen Towle, Tribeca – Updater (UPD)
"With little in the way of revenue, no earnings in sight and a $700 millions plus market cap, the share price has run too hard."
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Add UPD (ASX) to my watchlist
Currently unlisted public company.
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EQUINOX RESOURCES LIMITED.
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