Brainchip Short Discussion, page-13

I think the shorters are selling in a hope of decreasing the share price. I don't know how much of the trading volume is churn but short sales is not insignificant.

I don't understand shorters who sell at the low, I assume it is probably not their money at risk.

eg. MSB went from 4% shorts to 8% after the FDA announcement when the price gapped from $1 to 50c then down to 40c, So the shorts sell price was under 50c. The shorts who did not get cover are now underwater with MSB now at 51.5c. Current MSB 7.4% shorted. So I wouldn't be surprised if total MSB shorts go up in the hope of lowering the price.

The risk to the shorters is high eg. 4DS is up 125% this week on good testing results.

Then you get articles like https://finance.yahoo.com/news/short-sellers-lost-120-billion-173851893.html

"Short sellers have lost $120 billion betting against the US stock market that's been powered by the AI boom"

My assumption at present is the shorters waiting for the S&P/ASX indices rebalance in September and the shorters are hoping there won't be a material BRN announcement before then.

	Date	Close	Open	High	Low	Volume	daily gross shorts	total shorts	shorts/volume	delta total shorts
1	23 Aug, 2023	$0.315	$0.315	$0.32	$0.31	4214255	326065		7.74%
2	22 Aug, 2023	$0.32	$0.325	$0.33	$0.315	3260160	345015		10.58%
3	21 Aug, 2023	$0.32	$0.33	$0.335	$0.32	4052902	159524		3.94%
4	18 Aug, 2023	$0.335	$0.335	$0.34	$0.33	5140829	79549	141095546	1.55%	127771
5	17 Aug, 2023	$0.335	$0.355	$0.355	$0.33	8944163	1071735	140967775	11.98%	4795011
6								136172764