I'm pretty heavy TA focused, and PLY chart is in the short term...

I'm pretty heavy TA focused, and PLY chart is in the short term still looking like it has some downside.

If there were any exposed short positions, which there aren't any reported that I can see, the price action looks like "Text book" shorting all the way down on this current move down.

Yesterdays action even looked like clear shorting action with weak volume with price rising into moving average resistance. Then the selling down on heavier volume for the day.

Issue is that there aren't any exposed short positions, therefore it can only be larger holders, funds, or analyst projections selling more than buying.

It's a bit annoying with what looks like very encouraging FA. I'd just say if you like the company and its progress, back yourself in and it should turn the corner shareprice-wise at some stage in the coming months.