Almost everyday there is someone offloading share. It must be an institution. Sadly there is no RNs to disclose them. Probably is selling slowly because market makers cannot find quickly a buyer. Until the seller is out this will continue to fall
Also I have never done shorting but one think that normally shorters look is share availability. This company doesn't seem to have lots of share available to trade so should be quite risky to short. I wonder if there is a a big buy order on level2 and market makers are shaking the tree to get more share in order to fill that order. I can't see level2 myself but is anyone who could see that?
Operative cash was better than last year. Yes I agree they spend more in expenditure this year. But the debt situation seems ok to me. Current ratio is 1.4 and the majority of current assets is cash. Also total liabilities doesn't seem high Vs the asset.
The directors bought huge amount in July. This is share is clearly under a short attack due to worldwide circumstances. It is a long hold in my opinion