There’s only so many shares the shorts have access to. Without taking into consideration the current raise, the short limit was sitting at ~17-18%. PLS steady at ~21%. And as time goes by, the opportunity to cover before good news is reduced which will limit the short activity.
The way I see it, once the capital raise is complete and balance sheet sorted, the DFC loan will come through and allow SYR to tread water a little longer. Enough to get commercial product to Tesla. I personally don’t think the DOE loan is near given the liquidity requirement of the DFC loan. So I think once SYR starts shipping to Tesla only then will the US go all in. They’ve waited this long so another 6 months to confirm SYR can actually deliver AAM is not a long time to wait.
Curve ball would be China exporting graphite products again while SYR are trying to build an ex-China market. This is a real concern.
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Last
45.3¢ |
Change
-0.003(0.55%) |
Mkt cap ! $470.8M |
Open | High | Low | Value | Volume |
46.0¢ | 47.5¢ | 45.0¢ | $1.686M | 3.645M |
Buyers (Bids)
No. | Vol. | Price($) |
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51 | 485610 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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45.5¢ | 88345 | 26 |
View Market Depth
No. | Vol. | Price($) |
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50 | 485540 | 0.450 |
10 | 664769 | 0.445 |
20 | 633960 | 0.440 |
20 | 603735 | 0.435 |
11 | 279964 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 82013 | 24 |
0.460 | 115402 | 16 |
0.465 | 246330 | 11 |
0.470 | 420906 | 33 |
0.475 | 212038 | 9 |
Last trade - 14.56pm 06/06/2024 (20 minute delay) ? |
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Last
45.5¢ |
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Change
-0.003 ( 0.91 %) |
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Open | High | Low | Volume | ||
46.5¢ | 47.0¢ | 45.0¢ | 1364288 | ||
Last updated 15.20pm 06/06/2024 ? |
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