short selling has been consistent for months nether increasing or deceasing. Maybe some fund front running on a client sell order and covering slightly lower. By and far the largest sellers are profit takers that have been selling at the current levels locking in 300% gains for super funds and other institutions.
of interest there were no reported shorts sells from ASX daily gross short sells for 29/09/21 and the same thing happened when one of the HC members sold a large parcel, no reported short sells that day.
share price crossing at the close on the highest traded price for day for the last 3 days is encouraging. Break of the last quarterly high at 0.185 would confirm a change of the long term down trend to up. Refer to Quarterly swing chart if your software has it.
only thing that matters is positive prevent trial release followed shortly after by ramped up units sales. Not the average 47 units a quarter from the last 2 years, otherwise Rick will be handing the hat around again with more dilution to holders. My estimate is 2000 units required to break even, sales of a further 1200 units required.
worst case this gets acquired.
10 months trading sideways, low volatility leads to hyper volatility
all the best
Acclivity.
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