Dissapointing retail traders have allowed shorts to get out really easily here. Shorts keep dropping and the SP hasn't really moved. A sneaky exit is well underway.
Shortman data Monday 21st December 40,400,000 shares on short 2.41% then Wednesday almost 5million reduction to 2.14%. I wonder what it will be when we look at it tomorrow???? Possibly well below 2% most of the trading thus over the last couple of days has been shorts exiting the doors.
MYX board haven't done much to prevent an orderly exit. We really needed some announcements but now with shorts at a measly 2% I can't see a huge amount of pressure on our SP on the back of good news.
MYX Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
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