Correct, an increase in short positions generally coincides with a drop in share price due to their downward pressure; you can look at historical examples such as lithium miners (e.g. PLS, GXY) and A2M to name some.
Shortman had PNV's net short position at Jul 27 at 5.03% (roughly 33m shorts), fast forward a month to Aug 24 and we are at 6.02% (~39.7m short positions), the highest it has ever been was 6.6% on Aug 19th. You can see what effect that has had on the SP.
Short's right now are nearly twice as high as they were during the well-publicized shorting event (~3% back in January) that Regal was so outspoken about. Unfortunately this kind of behaviour will continue to persist, we are a much bigger and well-known company than we used to be, and being in the ASX200 attracts this kind of attention.
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 (20min delay)
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Last
$1.19 |
Change
-0.035(2.87%) |
Mkt cap ! $818.6M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.15 | $1.635M | 1.394M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18287 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 42827 | 3 |
View Market Depth
| Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
| PNV (ASX) Chart |