MACQUARIE downgrades APX to Underperform from Neutral, page-107

Two things surprise me still;
1. the big recent purchase
2 the fact it was not in the top ten shorting stock and still getting hopeful reviews and reputable analysts.

Large hedge funds and other institutional shorters usually know the bad news before we do. That did not really happen here the way expected if the MQG news is correct. The recent price increases had been steady and reassuring. Having sad that look at the amount of funds under management of MQG and the number of offices it has in the US. Their research capability is solid. If they believe what they wrote why drop the price to ten bucks and not five ? We should all write to Appen and ask for an official comment on this .