Don't get too excited, page-74

"As far as 16% shorts. They are so high because a lot of experts and instos believe that GXY will be the first out of lithium miners to get mothballed and go into care and management, as far as I'm aware.

Whether that will happen or not, remains to be seen."

Disagree. Answer has already been seen.
GXY not the first.
A40 & MIN Wodgina already in Care & Maintenance
PLS effectively shut down its mine - although is carrying out a couple of 'campaigns' to retrieve broken ore left at the bottom of the pit. No one knows for sure what state their plant is in and when it will resume normal operations.
AJM - good product + cash costs of production & shipping majority of product however IMHO I do not believe they have the option of C&M / substantially moderating output due to crushing debt commitments, without being forced into receivership.

As for shorts remaining so high I personally believe at this point it is because they have not had a convenient CR to close their positions.