That was gross shorts. So there may have also been some covering...

That was gross shorts. So there may have also been some covering of shorts, meaning that net activity could have been either positive or negative.

The short float of EML is insignificant and this thread about shorting, manipulation and "the big boys accumulating" is a classic example of insecure holders wasting their time on activities which will bear no reward to their investment.

In my mind, when I see posts about manipulation and how cheap a stock now is, I instantly see a holder who bought at higher prices - desperate to get some group confirmation that they haven't done their money buy buying at the top.

I really don't think their is any evidence at all that anything suspicious is going on in EML at the moment. The larger holders have been accumulating for a while, hence the price rise from ~50c. It is now consolidating after substantial gains. The MMS contract is a great one, although the market was not blindsighted by this and perhaps required it to justify the price trading where it is.