For 9 months Quindell has been the subject of malicious rumour and innuendo with what appears to have one aim and that is to drive the share price down.
Is it a coincidence that during the same period several have taken large short positions in Quindell?
As Quindell rebut allegation after allegation the only major issue outstanding stopping the share price from reflecting its true value is the continuing short activity.
There is now compelling evidence that short positions are being closed with stock being returned to lenders.
This however is not being reflected in FCA data.
Sophie Rose a member of the Quindell Share Action Group has been analysing and monitoring short activity and in her opinion, respected by many, short positions are being closed.
Those short are using loop holes to cover tracks. For example reporting changes in short positions to the authorities late. The only sanction being a small fine.
Large volume of buys today would also suggest the possibility of a further reduction by shorts.
Please refer to the following table and chart.
It appears that those short are closing their positions and are using the last throw of the dice to maximise their margins.
Is it a coincidence that yesterday the false rumour about the lost contract came out half an hour before market close when the only members of the Quindell board who could refute the allegations were in court progressing their legal action?
A fact those with an interest in the company would have known about?
Those closing their short positions today have obtained a significant increase in profit levels from what they would have achieved yesterday.