I never used T/A and am surprised by the number of believers that used T/A.
Drillsearch share register is dominated by Instos holding 80% of the company. A few big short sellers taking a punt that DLS share price will settle at lower levels.
DLS has a loyal small shareholder base. The three largest shareholders (Seven,BG,Beach) unlikely to do a sell down. It will only take one hedge fund to move in and DLS share price could squeeze those short sellers.
DLS Price at posting:
$1.13 Sentiment: Buy Disclosure: Held