IMO once the underwriters finish selling their shares, the stock price will recover, however I dont believe shorting activity will substantially decrease or that shorters will let go of this stock unless there is a recovery in the zinc price which I expect is happening steadily but slowly. The 1$ per pounds level should be a first trigger. the Chinese economy is recovering from covid19 (demand of zinc improving there), the rest of the world will follow its a question of months not of years before zinc demand retrieves its before-covid19 levels where prices where 1.20$+ per pound in 2019.
NCZ Price at posting:
15.8¢ Sentiment: Buy Disclosure: Held