Short InterestShort interest remained virtually unchanged dropping only 14,000 from 510,900 as of 1 April to 496,900 as of 18 April. Here is the report:
https://www.dailyfinance.com/company/fortune-minerals-limited/ft/tor/short-interest
It would appear shorts were willing to hold their positions likely because during the period the whole metals and mining sector was in a pull back. The sector pull back was doing the work for them in pulling back Fortune. The pull back had nothing to do with Fortune fundementals. Here is the capped diversified metals and mining index:
https://stockcharts.com/freecharts/gallery.html?$sptmn
In the last two days Fortunes share price has been rebounding so it is likely the shorters are now buying to replace the shares they borrowed.
Here is Fortunes charts:
https://stockcharts.com/freecharts/gallery.html?FT.TO