PLS 1.04% $2.85 pilbara minerals limited

Shorts on Li stocks

  1. 907 Posts.
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    It seems as though a large number of shorts are currently placed on a number of ASX lithium plays. ORE is the number one shorted stock on the ASX, GXY and PLS are also in the Top 100. Suely not all of these can be played down to manipulation. Does anyone know why portions of the market may be anticipating price drops across these stocks? (Admittedly I don't really follow ORE or GXY), but was wondering why people would think they're worth shorting. Given Li prioces themselves are anticipated by many to rise, they seem like risky positions to take.

    Also, something I noticed the other day: http://reneweconomy.com.au/macquarie-bets-big-renewables-purchase-uk-green-bank-61509/

    Macquarie seems to have a bit of a conflict of interest when it comes to Lithium prices. I am wondering if they are looking to shore up some reasonably priced supply?
 
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