PLS 0.72% $4.14 pilbara minerals limited

I'm not too inclined to read over 12 pages, so would anyone mind...

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    I'm not too inclined to read over 12 pages, so would anyone mind sharing the main theory as to why PLS is so heavily shorted?
    Can't just be due to spod price given other producers aren't sitting at 18+%
    I think Money of Mine suggested it might be because they're expecting PLS to make a play for someone?
 
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