Shorts are not driving PLS (and LTR) sp lower, over the month of Aug, short positions in PLS actually fell -$110m according to Bloomberg.
That suggest that longs are selling down.
You can see that the buy queue has become less enthused even at lower prices.
We're entering the Despair stage now, the exuberance has vanished, BTFD has evaporated and LT holders resigned to a 3 year wait.
