According to a report just received from James Gerrish of Shaw Stockbroking the top 5 short stocks are NWS 14.7%, BKN 12.5%, PDN 10.3%, AGO 9.5% & ACR 9.1%.
Little wonder the ACR stock price has collapsed.
Those in the know & that includes those who have been able to have face to face meetings with ACR management are less than enthusiastic about the future of the company.
One reason a stock is shorted is poor management & that could be the case with ACR particularly after the CEO had departed.
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