Would you mind sharing your thoughts on the effects of the current level of short positions on the SP? As far as I can tell there were very few if any short positions in place when we had a big run in from 10c to 60c in 2021. Conversely now there are 5.8% of shares shorted.
I'm aware that some of those would be hedges but a lot are not, so IMO we have a group of highly resourced, highly motivated and highly annoying investors hell bent on keeping the SP down. How does this impact your TA analysis?
Thanks mate.
IMU Price at posting:
10.8¢ Sentiment: Buy Disclosure: Held
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