INVESTOR UPDATE JUNE 2020, page-83

Regarding the short report, just looking at the ASIC data, that big volatile up day last wednesday the 10th of June, there was a big drop in outstanding short sold shares that day, from 8.82%-8.28%. My calcs show that this was 2,443,271 short shares net closed that day, total volume that day was 7,891,377.

It popped back up pretty quickly to 8.86% again the very next day, so according to ASIC data, more than half the volume of that next day, thursday the 11th 4,353,971 shares, were sold short, hitting a low of 2.18 that day: https://www.shortman.com.au/stock?q=nea

The run down to close to $2 probably similar short sale action helping it be more volatile. This means it is still a whipping boy for these hedge fund traders but also has the potential to explode upwards on short covering. Those big explosive moves may present oppotunities to trade or take profit. I did unload my holdings recently into the strength and am sitting on the sidelines to see how we go.