PLS 6.54% $2.86 pilbara minerals limited

Examine the yellow areas in these two charts - the share price...

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    Examine the yellow areas in these two charts - the share price and shorted % since 20 sept 2023.
    Notice that from 20 sept, the shorts increased from 11.5% to 21.2% - nearly 10% or 300m shares.
    Notice also that nearly all these shorts opened their position at less than the current SP - $4.14.
    That means they are all out of the money!
    https://hotcopper.com.au/data/attachments/5995/5995908-bd16a83137c964cabd025a0902d467f0.jpg
 
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