Shorting

Many posts on SRX over the last couple of years have been to bag shorters, and ASX for allowing same.

The following chart from Shortman, shows some interesting data.

The two red boxes show huge short positions being taken AFTER the two most recent significant share price drops.
The first shows shorts going from around 2% up to 10% and back to ~2% whilst the SP was reasonably stable. Most of these shorts lost $.
The second red box shows shorts going from 4 to 6.5 and back to 4%. Whilst the SP went UP.

The first black bow was a winner for shorts, going from a tad over 2% to ~4%, and then the second big drop. The second winner box shows a large spike in shorts, and a small drop in the SP. A small win for shorts.

The first red box would have not been too costly for short positions as the SP was within a range of $1 or so.
The second red box would have been hurtful to the short positions as the SP went from ~$12 to ~$16.

Just thought I'd put it out there, as the large funds shorting SRX appear to have no better view of the company than many of us.