STO 2.24% $7.86 santos limited

Why the Shorts?

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    http://www.shortman.com.au/stock?q=Sto

    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
    0 Date Gross shorts Issued capital % Capital shorted Trade volume Shorts as % of volume
    1 Tue 4th Jul, 2017 3,667,989 2,082,911,041 0.17% 6,434,265 57.01%

    More than 57% of the volume on Tuesday was from shorters? How is that even possible, and what is the reasoning for this?

    Even with this many shorts, STO is moving up? What will happen once the shorters back away :O?
 
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