RE: Shorts Reducing25 Jul 2023 09:18
Short increase on the 19th July was the shorts trying to hold down the price so they could clear their bigger shorts positions already in play.
1.5% short position live before the 19th, share price had been rising prior to this, shorts use the current moment to clear position.
Expect the shorts have over played their hand, rise yesterday shows price can quickly recover back to natural price, shorts working overtime to buy up any available shares, so now is a race between them, and funds to buy as much as possible before this gets to the 60's!