ASIC Short positions reporting, page-14

Ok Cudeco's a dog that's why its shorted so I looked at another company Acrux, earnings per share in 2014 17 cents, paid 96 cents of dividends in the last 5 years. Shares on issue 166.5 million, 19 million shorted or about 11.5% on issue. Short trading accounted for 36% of the volume traded on the ASX in December. With volumes of around 9 million per month it would take 2 months to close this positions based on the ASX volumes with no other trades to close these position using 36% of trading would take about 6 months and would send the price soaring. These guys could find the cure for cancer and they will still be shorted because its nearly impossible to close those positions. Shorting is like diabetes once you have it there's no cure just management. If a company had 50% of there shares shorted it would account for 100% of its trading to open and close those positions prior to the GFC there was a company on Wall Street that had 107% of its shares shorted and during this period the SEC supported Naked short selling, they got that wrong so who is to say they still haven't got it wrong.

"Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, naked short selling contributes to market liquidity."