link above, the graph in Feb shows shorts increased and SP decreased, noticeable correlation
Wednesday 25/7 had a massive increase in short % compared to last few weeks (with the figures at hand)
and both times the SP recovered (although this week is too early to tell for sure)
Can only assume someone is either trying to accumulate this or more likely just playing it for some quick gain (worked in Feb), they are pretty keen ... I would have though waiting until it was $4.5 odd would have been a safer move, but then I don't short so what do I know.
Next week will be interesting to see if the shorts remain or get scared off, if todays recovery is anything to go by I think TGR holders will be very happy and the shorter/s (who ever they are) will be feeling very sheepish.
Would love to know who lent the shares out to which shorter.
either way dyor
TGR Price at posting:
$4.24 Sentiment: Hold Disclosure: Held