This is quite interesting. And perhaps there is even a connection here.
Yesterday somebody posted a chart showing how far behind their highs various lithium actions are. For PLS it was still 48%, whereas for GXY I think it is still 12/13%. If you now look at Shortman GXY, you can see that the short quota has almost halved and is going from almost 20% towards 10%. In PLS the rate has moved just under 1%.
Could one now assume that we still have some room to move up because the shorts are still holding on to us? Or could we not really use this correlation?
Good News & Bad News, page-5961
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |