Let's see the next announcement for change in substantial holding, should come out this Friday or next Monday. But only based on the data till 21 Nov, looks shorts are returning shares. They obviously feel if they don't they need to return on a higher price later.
on 13 Oct UBS has:
299,639 in long position
15,702,361 in short position
21 November it has:
322,136 in long
13,622,722 in short
the short position has dropped by about 2m.
I expect it will drop another 4m in next announcement.
UBS has being playing this share since 2011.
ACR Price at posting:
$1.33 Sentiment: Buy Disclosure: Held
