ASX Today, page-40542

It appears that short positions have been on the rise again.

On May 30th, nearly 5 million new shorts were added, a significant increase compared to the trade volume.
On that day, almost half of the sell orders seemed to be new short positions.

The subsequent red days suggest this trend might have continued, but we canconfirm this once the ASX releases the data after the T+4 period.

We have offtake agreements outside of China and GFEX future prices aren't entirely reliable.

However, the recent decline in GFEX lithium futures last week may have created negative sentiment, which short sellers are likely use to push the share price down.

One piece of good news is all we need for a quick turnaround.

With production only a few weeks away, I'm more than happy to see short sellers dig even deeper in their attempt to drive the share price down.