Just fact checked this - short positions have indeed increased by 2500% over the last month.
https://asic.gov.au/regulatory-resources/markets/short-selling/short-position-reports-table/
A little disconcerting, but I think stability at 19c has been found. In particular, with the sophisticated/institutional investment at this level with the last CR.
Shorting cannabis/psychedelic stocks can be lucrative during dips, but a huge risk given how quickly the SP can catapult with market sentiment. Although unlikely, another 1700% price hike like last December over the span of two weeks would obliterate any shorters in quick time.
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- CPH: The shorters are here. Shorts up 2500% last 4 weeks
CPH: The shorters are here. Shorts up 2500% last 4 weeks, page-5
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