Relative to history the short interest is low and has been for a while now. The issue is that someone has been selling their positions for the better part of 12 months. First it was Capital Group selling circa 90mio shares. Doc, noted a little while back they still had a few more to clear out by financial year end. From what I can see the selling has been consistently coming from Citi whereas Capital’s last batch came from JP Morgan. This points to someone else selling.
The cure for lower prices is lower prices and at some point the selling has to end. Let’s hope it’s soon and coincides with some positive developments from our projects.
EWC Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
