Ann: Q1 2019 Interim Update, page-51

Oh I completely agree that the majority is coming from institutions but I feel like there may also be some not insignificant level of retail shorting. It seems like the Hotcopper commentary is more than just comments from negative ex-holders, but I haven't been a long term follower of the SYR threads.

In the same way that retail buyers often buy the top I have a feeling that retail shorters often sell the bottom. I guess I'm saying that the 'marginal' shorter may have a higher likelihood of being retail money. As someone pointed out earlier the short interest hasn't been increasing even as the price has been declining in last week or two, which suggests that the easy money been made and a turning point might be near.