Yesterdays short selling was c320k shares...if you ignore that, less than 1.2m shares sold. This despite share price increasing by around 5%.
Today market down over 100pts. less than 800k shares sold far. I suspect the short sellers had a go at market open to drive down the price. But not many sellers. all positive signs... we may be witnessing short covering... but the good thing is the short sellers are starved - no volume. A few are going to get nervous (I am sure their risk management metrics are flagging red). Who blinks first - and then a stampede and I suspect in the next day or so,
DYOR
SGH Price at posting:
$2.86 Sentiment: Hold Disclosure: Held