Don't forget that short sellers has to cover their position if there is a takeover.
According to the Motley fool, "Greencross Limited (ASX: GXL)is the third hottest short-selling flavour of the month with the percentage of its shares out on loan jumping 2.5% points to 9.3%."
https://www.fool.com.au/2018/05/24/short-sellers-think-these-3-asx-shares-are-set-to-fall/
