Interestingly per Shortman, DYL (62nd) is now the third most shorted ASX uranium stock, after Paladin (24th) and 92Energy (56th).
Short interest was well below 1% for all of the last 12 months but since 1 April has leapt up to 3.5% (that was the week following the Vimy merger announcement).
Obviously sector sentiment has been pretty bearish over the last couple of months but the timing here suggests some in the market are still betting against DYL even after the price has come off almost 40% from its recent April high.
Curious - any ideas/theories as to why? Are they thinking the merger won’t come off?
DYL Price at posting:
73.0¢ Sentiment: Buy Disclosure: Not Held
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