Self fulfilling prophecy here. Outstanding shorts 13 million...

Self fulfilling prophecy here.

Outstanding shorts 13 million higher than at the beginning of the year (up from a negligible 1.5 million). If 50% were covered, that's 26 million sales into short positions, or about 25% of all share sales for cy2016.

That's a LOT of extra buyers to find, and so the sp goes down under selling pressure ... and that tempts more people to take short positions, which drives the price down further ...... something will have to give eventually, as nothing says the business has a problem - eventually fundamentals will push back.