$Australian Gold and Copper(AGC.AU)$ Remember that 90% of the shares are held with institutional buyers and rest 10% of the shares are trading. Out of which 52% are shorted. IMO, todays selling is only because of the weak hands who got panicked. If you don’t bserve this morning in pre market it trades at $21. Even this move is because of the hedge funds covering their short position by buying twice the amount of shares they shorted. Later they start selling those from $20 levels. IMO it will reverse its course anytime since we have only 10M shares to trade.