Out of the top 20 shorted on the ASX there are 6 companies in the Lithium and Battery sector (SYA 10.69% ,CXO 9.89% ,LTR 7.71% ,LKE 6.89% , VUL 6.89% , NVX 5.78%)
Out of those LIT ETF is invested in only 3 of the 6 . CXO 19.8m shares , LTR 20.6m shares , SYA 11.9m shares
LIT ETF chart showing no signs of a reversal and may test 2 year lows in April . Looking for trade opportunities but when the sector is in a bear grip any gains can be easily reversed .
CXO - Chart Thread, page-5483
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