According to Shortman.com.au, this day last week saw shorts increase in PDN by 0.26%. This took it over 17% shorted in total.
The share price was $3.98. A week later it has risen by over 50%. Those who congratulated themselves last week for PDN's spiralling (downwards) share price must now be suffering enormous sellers remorse. How ironic. How poetic. A rare moment where fundamentals emasculate legislated cheating.
Additionally, congratulations to BOE for its outstanding quarterly report today. Interestingly, BOE achieved a much higher average term price than PDN. Perhaps that is the Chinese influence within our partnership.
I'd be surprised if shorts aren't ground down from here. Ongoing GLTAH Keith
PDN Price at posting:
$6.13 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)