From 'Buysellsignals' 06/03/2015 Metcash Limited, Australia's...

From 'Buysellsignals' 06/03/2015

Metcash Limited, Australia's 3rd largest food &
staples retailing company by market cap,
increased 0.50c (or 0.3%) to close at $1.48.
The current short selling volume of 1,282,106
shares is 0.5 times its own historical average of
0.3%. The short sell percent defined by short
selling volume/average daily volume was 0.3
for the day and as per that indicator the stock
ranked in the bottom 10% of the Australian
market. This is a bullish indicator. Compared
with the All Ordinaries Index which fell 15.9
points (or 0.3%) in the day, this represented a
relative price increase of 0.6%.

(other bullish and bearish indicators)

The current short volume is 0.5 times its own historical
average of 0.3%. It plummeted 51.9% from the previous
day, plummeted 75.5% from a week ago and
plummeted 77.1% from a month ago, a significant bullish
indicator.

I dont know about you but I quite like when shorts start to close their positions. In hindsight I stuffed up my entrypoint (got in at 1.6 - rather be in at todays price!) but I think this will work out. Hopefully.

FYI the report concludes with long term bullish but short term neutral.

DYOR