Market was going down, Goldman were saying Lithium deficit solved, short attack, CEO resigns and dumps shares without notice. Shorters confident that LKE would fall out of the ASX 200, and they would find willing sellers at low prices. Unfortunately for them, price bottomed and then bounced. Demo plant delivered, and now it looks unlikely that LKE will fall out of ASX 200, so I imagine that some shorters have decided to close positions early, but this just makes the position of the other shorters worse.
Shorters need to buy about 10% of the companies shares so I guess this is a squeeze and the squeeze isnt over yet.
Market was going down, Goldman were saying Lithium deficit...
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Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $66.74M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.3¢ | 4.0¢ | $430.7K | 10.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1033639 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 60654 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |