yeah there was 1.2m shorted on tuesday , so there 8m shorts around 2% of the free float so still relatively small.
But with international markets seemingly fragile and some funds and people derisking this could definitly slide further toward 30 but as GDM chart indicates that the potential for this to be its last low before moving higher permanently. The next 1/4 should show a loss of around 3-4m im thinking , this will be announced mid to end October only 6weeks or so away. If that occurs the expected improvements in next years figures are confirmed for 1st quarter so stock will revert back toward 50-60c , better for a capital raise there too if needed.
So i think any buying in the 30's particularly low 30s if it gets there will be good buying as this can turn on the next quarterly.
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yeah there was 1.2m shorted on tuesday , so there 8m shorts...
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