I wouldn't pay to much attention to the shorts dropping, it's not indicative of much at all, other than the shorts finding a convenient exit point after already squeezing the sh*t out of the company. Case in point: LKE currently have a lower percentage of shorts (~2%) than AGY do, and they are a company in deep trouble. On the other hand, PLS, an industry stalwart, have short interest of over 22%. Which one do you think is in more trouble? I'll give you a hint; it's not PLS.
A growing short position can be beneficial if you have imminent, company making news that can catch them off guard (you know, like a long overdue offtake or strategic investment). It would be preferential to have a growing short position to initiate a squeeze (or at least buying pressure) once that news drops. Instead, the shorts have been able to make an orderly exit while driving the share price close to multi-year lows.
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I wouldn't pay to much attention to the shorts dropping, it's...
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $189.5M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $782 | 6.016K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 298357 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 855412 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 298357 | 0.130 |
30 | 1544564 | 0.125 |
44 | 1372417 | 0.120 |
19 | 1420004 | 0.115 |
14 | 720088 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 855412 | 19 |
0.140 | 824378 | 15 |
0.145 | 539733 | 10 |
0.150 | 721750 | 16 |
0.155 | 841833 | 6 |
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