Reborn, page-117

I am not sure why everyone continues to blame the shorters.

As you rightly said the short position is 4.3m shares which has increased from about 3m share around a month ago, but still below the peak of 5.2m shares in mid March.

Since 1PG peaked in Sept 15, there has been volume of c.200m shares of which the shorts are currently 4.3m and were 5.2m at the peak i.e. c.2-2.5% of volume.

Also, 4.3m shares is only 2.5x today's volume and c.4x average daily volume over the past few months.

Plus the current short interest is only 3.8% of the 1PG freefloat.

There are 69 stocks on the ASX with higher short interests and the high short interest stocks are MYR, WOR, MTS etc that have short interests of 14-16%.

This is and continues to be longs liquidating not the 'evil' short sellers!!