Shorts are basically people betting against a stock, its a...

Shorts are basically people betting against a stock, its a little complicated but its the reverse of purchasing of normal stocks.

When you buy a short, you are selling to create your position (which can force a to go sideways/downwards).

Unlike the craziness of US, ASX limits the total short ratio-to normal SOI for about 5-12% I think.

However, due to 88e having a massive SOI, the amount of shorts available/trade able is significantly increased for a typical penny stock.

The first picture shows a chart of the total shorts held / to total market cap-SOI.
Due to the complexity of shorts, this chart is T-4 delayed (4 trading days behind)

The second is a snippet of a pdf showing total gross trades of short positions. Gross trades do not show whether people are exiting or entering the trade. One way to tell is by looking at a normal chart and if the price has gone sideways/down and compare it with the gross short trades, then that is a possible sign people are shorting.

Please DYOR on shorting as its a extremely dangerous financial tool and should not be lightly.

I posts about shorts on 88e as I have a long position and if other people are sceptic as to the price direction that thses charts may help them