What is the likely reaction of institutional investors and short sellers to the unaudited results?

Institutional investors:

Because the filing is only unaudited and the press release provides no numeric guidance, large funds will treat the news as a “wait‑and‑see” event. Institutions typically need hard numbers—revenue growth, margin trends, cash‑flow and any guidance changes—before reallocating capital. In the short run they are likely to stay on the sidelines, maintaining current positions and monitoring the price for a breakout or a clear reaction to the eventual audited release. If the upcoming audited numbers confirm a beat on consensus estimates, institutions could flip into the stock, pushing it above the recent resistance around $5.20‑$5.40. Conversely, a miss would trigger defensive moves and a shift to cash or hedges.

Short sellers:

Short‑interest desks thrive on uncertainty. A neutral‑sentiment unaudited release gives them a window to test the market’s appetite for downside. If the unaudited report omits any red‑flag commentary (e.g., slowing cloud‑service uptake, rising R&D spend, or currency headwinds), shorts may double‑down, anticipating that the audited numbers will reveal a miss and trigger a corrective sell‑off. They will likely look for early weakness—lower‑than‑expected volume on the upside, failure to break the $5.00‑$5.20 support zone, or a negative intraday swing—to add to their positions or place aggressive stop‑loss orders.

Trading implication:

Watch the next 24‑48 hours for price action around the $5.00 support and $5.30 resistance levels. A decisive move above $5.30 with strong volume would suggest institutions are willing to take the risk, while a break below $5.00 could confirm short‑seller pressure. In either case, keep a tight stop (≈ 3‑4 % of entry) and consider a short‑bias if the stock fails to sustain above $5.20 after the audited results are released (likely early next week). Conversely, a clean, bullish breakout would merit a small long position with a target near $6.00, aligning with the next resistance band.