When will the shorts blink ?

I decided to create a separate thread on this topic given our fortunes will turn when shorts start to cover. The question is how low will we go before that happens. So, for those looking to DCA or even jump into the pool. It's an important metric to keep an eye on.

I am amazed at the massing of shorts in lithium stocks across the board, especially PLS, where shorts are betting against the ever-growing position of Gina Rinehart.

Until I get bored (which may be quickly), I will add the number of shares shorted and the day's closing price. Not an exact science, but will give us a rough indication on where we stand and at what point new shares begin to become underwater, which should further encourage shorters to close their position.


Date Number of Shares Shorted Closing Price
11-10 458k 20.5c

P.s Interesting to note that the amount of shares shorted yesterday was well below the usual 1m to 1.4m daily shorting.

P.p.s Does anyone know how to find the borrowing costs for INR shares?