This is the time of the year that people prepare for EOFY and it would make sense to be doing the sell/buy back thing at this time to realise some capital losses - just in case, (hopefully), the SP makes a spike thereby compounding CGT liabilities. And I think the concensus is that an increase is likely expected soon given KTDs new factory coming online soon along with some positive announcements, possibly in the next few days, as NZs company and personal financial year ends on 31st March
Looking at the 21 trades today there seems to be a pattern of reciprocal trades that might support this theory.
Even if I'm wrong - with the daily volumes of late being what they are there's not exactly a Tsunami of activity to create either panic or joy to holders.
KTD Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held