PLL - Increased short interest

Please note, what I post here are just my current opinions which may be completely wrong. I'm not telling or suggesting what anybody should do. Don't buy or sell or hold based on my lame opinions. Do your own research. You're on your own.

OK - My broker maintains a separate account for me that is used to lend "hard-to-borrow" securities. Today, they put my PLL shares into it. They are paying me a 23% annual interest (changes daily). So this tells me that there are many traders are shorting PLL.

PLL is now trading @ US$23.10 down from a high of about $54 on Monday, I think. So at least some of the decline is due to the short selling. I liquidated 80% of my holdings on Monday - the single best day I have had in 30 years of investing.

The increase in short interest can be looked at in a number of ways, I think. Traders are shorting, hoping the price will fall. Maybe they know better than the rest of us and holders should sell now. On the other hand, if the investment time horizon is long enough and one beleives that PLL really has long term appeal (despite their lousy Investment Relations operations), one should hold or even buy more once the price settles. And if there in another blockbuster announcement, like the Telsa one, one could expect a short squeeze to push up the price.

Good luck out there and remember Bulls make money, Bears make money, Pigs get slaughtered.