At the very least the reducing shorts are a big boost to the future direction of the SP - 13.75% (137,505 shares as at the 3/2/20).
That's about half of the shorters present on the 28/1/20 - have decided that the "bet" has bottomed and an upward SP is more likely than not !! - bail out time.
Mind you I would have liked to see the short covering rally - that should have played out.
Cheers
Valuation and SWOT Analysis - KLA Jan 2020, page-11
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