Just a thought, GXY is the second most shorted stock on the ASX according to Shortman, 16% of all shares in ntheir hands. From shortman website it looks like the shorts had a few days off last week with only 3-5% of trades, they are back from their holiday and are back up to 15 -16% of trades in last three days trading, I am no expert but I presume they stop shorting to give stock price a chance to organically appreciate from extreme lows to give themselves some new margins to sell into, I can see what they are doing to other stocks like speedcast same on off cycles. Anyone have more experience in these things I would love to hear your analysis. I hold a small amount of shares and consider them to be of value in a year or three when lithium prices improve
GXY Price at posting:
$1.03 Sentiment: Hold Disclosure: Held