If you click on the three month's graph you will see that the shorts have bought back from a peak of 13.26% down to the current 8.59%. I don't know the exact rules but I think shorts are limited from selling out on the smaller stocks and MRM now has a very low market cap of $87.24m. The shorts appear to be using these lower prices to get out of this stock. It is the bigger stocks like Metcash and Myer that are being pounded by the shorters. I am actually in both of them too as a long of course
The recent huge fall in the MRM share price was caused by the announcement that EBITDA is expected to be $75M to $85m in 2016. I didn't think that seemed too bad under the current circumstances but clearly many of the shareholders did. At least it is still quite positive.
GPASAS
MRM Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
