Short sale figure for 30/1 was 616,123. This was lower but still...

Short sale figure for 30/1 was 616,123. This was lower but still above the normal figure around 300K. Clearly the shorts were expect a very bad earning report but it came out ok today. So, they have been shorting more yet IGO share price keeps bouncing back up later in the day. It looks like IGO has taken action to preserve capital, suspend nickle production and only keeps going with what is profitable, pays down its debt and convert the debt into an undrawn loan facility for the future needs. So, hopefully the share price will be stable from now on and goes up slowly as the market for metals improve. The shorts will keep fighting and add more fuel into the fire later when there will be a short squeeze. One probably has to wait 12 months before we see improvement in metal prices.