Geo, didn't Teranga do a placement recently? Is it possible some who participated in the PP sold their shares and also shorted at higher prices only to cover with placement shares? It happened back when I was a broker and doesn't seem ethical, although completely legal. Worked out well if they were shorting at 1 and got the placement stock at .72? Can't remember exactly what it was done at, but less than a dollar I believe. That would explain why shorts are down but so is stock price. Still think company is a steal at this price. In fact bought some last week.
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