There has been very little short selling in the stock i.e going...

There has been very little short selling in the stock i.e going by the sort sales volume reported on the ASX site. This might be taken as a good omen in that short sellers think the stock is near its lows for a while at least. Its main competitor, Miclyn (MIO), has been quite strong of late but has fallen back recently. Nevertheless MIO has outperformed MRM.
The last comment from MRM was that they were comfortable with the "consensus" earnings forecasts for 2012. In my mind that amounts to steady earnings, which is a bit underwhelming in what is a bear market--a market that rewards very few companies for running on the spot.
The large volumes over the last few days are a concern, however. A big fall on large volumes suggests a major seller though no report has come in yet about a substantial holder getting out.