Extremely heavy shorting of IOF yesterday. Institutions are shorting this day after day. 37% of trades yesterday were shorts to smash the price down 5%. Looks to be similar action again today.
There must be 10's of millions of shares short by now, but the ASX chooses not to publish that information to protect the institutional 'investors'.
I guess there has been a private analyst briefing or something.
Might have another go when they push it into freefall which seems to be the intent.
IOF Price at posting:
$1.90 Sentiment: None Disclosure: Held
