"It is important to note that ASIC’s aggregated short position reports are reliant on the accuracy of reports we receive from individual short sellers. While we will monitor compliance with short position reporting and provide additional guidance where necessary, we are unable to verify the accuracy of all individual reports submitted to ASIC, nor to verify that all short sellers in our market (both in Australia and overseas) are lodging reports".
niu...from reading this paragraph from the 'horse's mouth' it is evident that short position trading statistics are only as good as the reporting. You can draw your own conclusions about the percentages...but they may not be accurate....and a short seller would not necessarily close their position. Theoretically...and in fact...in reality stocks have reversed back to being practically worthless because of changing markets or just mismanagement. We will see what happens as the picture unfolds. I would not touch the stock right now....in fact...for a while.
ORE Price at posting:
$3.39 Sentiment: None Disclosure: Held
