top 20 shareholders, page-2

Korea Zinc has sold about 1,8 million shares since late 2009 or 2.5% of their holdings.

Korea Zinc Reduces Stake In Kagara To 6.6% From 13.7%

KZs stake is now 4.1%...

I think you easily pick 3-4 funds or financial institutions that may have been selling ...e.g. Dimensional, Northcape, Transaminvest, Strategic Investment Advisors, ING, Regal

Generally though you have the opinion in financial circles that KZL is an easy short - that's all about to change...