18m shares short as of 3 days ago. To be honest despite all the rhetoric about shorters in this stock anyone who bothers to look up the shorts on ASIC will see it's always been around 20m shs , or just over 1%. It has hardly ever changed a great deal , probably from 24m to 18m when I've ever looked. It has closed up from 21m about 10 days ago.
I'd like to think this could be a break out however this stock tends to rally at end of each month so it's hard to tell. 37/38 is big resistance but if can break through then anything can happen in this puppy. I'd buy after the break I think...or back at support in high 20's.
EWC Price at posting:
36.7¢ Sentiment: None Disclosure: Held