Ann: Ceasing to be a substantial holder, page-18

Currently ~115M out of ~3B sold short, or ~3.8%. Just doubled on the chart, which is today's from Shortman.

And another 5 million shares sold short since this chart.




Shorters' possible reasoning being the recent twitch in lithium prices (peak price ~Nov 15)?? Longs are betting on the price remaining strong.
This is a ten-year chart to include the 2018 swoon, not to shock and awe.


MAX chart for PLS shows the expected and obvious correlation. The 2018 lithium price drop took awhile to be reflected in the PLS SP, but it happened and both hit their lows in early 2020.



BEV/PHEV sales are the #1 source of demand growth. The chart shows a "pause in growth" in 2019 model year. When they add 2022 data, it will also show an unmistakably nonlinear growth trajectory.
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Shorters are "betting" on a slowdown in demand for BEV + PHEV.

Since 2018, the BEV market has moved forward with renewed confidence. Sustaining demand will come from improving strength in the mid-value BEV market, imho. I am watching BYD sales closely in particular. I don't really see a lot of support for a short here. or anywhere.


I don't want anyone borrowing my shares either; totally get that. That said, I value the value of the other side of the coin.