Market depth, shorting and future prospects

90% (ie. 334,000 of 370,000 shares) of yesterday’s trade volume was shorted.

Interesting to note as well is the fact that, in order to artificially increase the sell side volume, 400,000 shares are put on the sell side around 9am every morning and taken off at around 7pm every day, leading to the sell volume moving well above the buy volume and exploiting any ‘fear factor’ that may reside in the EWC investment community.

Could this be a sign that, following the PDB $150million loan and the imminent signing (ie. during October, 2015) of the $75-100million loan from SCB for the LNG Hub, the finalization of an LNG off-take agreement with PLN and the concomitant finalization of the loan agreements (150-180 million mandated to Bank Mandiri in respect of the Sengkang LNG facility and $75million from Standard Chart Bank and Mizuho Corporate Bank for the gas field development)) time is finally running out for the shorters to dominate the market sentiment concerning EWC?