to add on the above - I reckon our exposure to china with Li market is the main concern and fund managers derisking either short term (through short pos) until risk or concern of chinese economy subsides or Long term (build exposure to Americas & US Li supply chain) via buying other Li companies.
One thing in the data though doesn' account for expiring contracts directly but you'd assume to enter a new position they have to close out the old so would have equal parts Buying and Selling pressure so only interested in new selling pressure hence the methodology above to just look at daily movements in shorts open
I think fundies derisking to chinese market makes the most sense - curious why it happened post earnings - my guess is maybe some fundies had insider knowledge re: earnings from their site visits etc. and were restricted from trading til the news dropped but at the same time yields are nice so I have no idea what's goin on
hopefully moonshot haha
Good News & Bad News, page-32531
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$3.00 |
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Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
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