Well as you have noted short positions of less then 0.5% aren't disclosed. So small short positions can still exist. As we know it doesn't take a lot to move the share price due to the limited number of shares being traded.
Anyway a question for you, if you don't hold and shares nor are shorting it why are you on the board? Legitimate question don't take it badly.
talco, thanks for your reply. I know the growth seen in 2017 and 2018 meant they entered into contracts with customers with poor credit rating and the margins were slim also. These contracts would last till 2019 so the loss is not unexpected. They also mentioned they will be very selective with new contracts, to avoid mistakes of the past, so large revenue growth was not expected too. I'm guessing that the revenue growth seen now is with contracts with favourable terms. Hopefully someone who understands balance sheets more can enlighten us all about the increase in cash balance but profitability at the same level.