I think the overall drive for shorting the materials sector is actually simple - there were too many new retail investors. The covid years saw more retail enter the market than ever before and the EV material sector was hot. All money was flowing in to it and it was widespread, providing an easy target.
Having said that I can't for the life of me figure out why PLS is leading the pack at 15% - huge earnings, managed to perfection, and no doubt one of the biggest Li producers in the world.
Anyone got a short interest open here?, page-7
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $279.5M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $128.7K | 1.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 1137982 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1048173 | 11 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 10.8¢ | 10.5¢ | 1001202 | ||
| Last updated 15.47pm 31/05/2024 ? | |||||
| RNU (ASX) Chart |