Short position escalates before a suitor bids or takes ppLook at WRN, VGCX and NOT trade action and short position escalation prior to Rio, Coeur and now BHP's actions.
Now look at NCX, the short position has quadrupled in last six weeks and represented at least a third of trades. This follows the superb PEA on only two of many NCX's explored deposits. Likely the aggressive short action on a thinly traded stock is the reason for the recent decline.
Management take heed, investors take advantage of what is likely a major setting the stage for a takeover offer.