it is interesting., page-4

TGR has endured a shorting attack that increased significantly from 12/1/15. It eased off on 19/1/15, although the number of new shorts opened daily is still increasing.

Back around the 6/1/15 TGR only had 50k + shorts open and that figure was consistently around that level for some past time. New shorts opened daily starting increasing from 6/1/15 and took off from the 12/1/15 to be presently near the 500k mark for open shorts.

What does this mean? The possibilities are:

1. Somebody thinks TGR is overpriced, or
2. Somebody thinks the market is going to downturn, or
3. Somebody is taking shorts as a hedge because they are playing the derivatives market betting on the TGR sp increasing in the future.

I doubt it is option 2 because there are many more ASX listed companies that will suffer a much bigger drop than TGR if the market suffers a significant downturn. So, IMHO it is either option 1 or 3.

Time will tell. The half yearly report and interim div announcement will likely tell us whether the shorter/s are playing option 1 or 3.

This opinion of mine discounts the possibility that insider trading is going on. One never knows about that until too late, if ever.

Cheers