GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Shipping Update, page-67

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  1. 218 Posts.
    1.9 million shorts yesterday. 6.8% of shares available for shorting as of 7/6/17. Gxy is number 39 on list of most shorted companies.

    On the upside, yesterday's volume was 3.1 million, so roughly two-thirds was shortsold yesterday, which means 1) that about half a million shares at a minimum were not covered on the same day, which coils the spring for the rebound and 2) that short sellers are predominantly selling to each other, which means that it is a matter of who will blink first (which also means it is very unwise to offload your shares now, because the rebound can happen at any moment).
 
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Currently unlisted public company.

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