Short interest in PLS only came at the top of the bubble. PLS...

Short interest in PLS only came at the top of the bubble. PLS had less than 2% short interest in Nov 2022 (when PLS topped out) and only really skyrocketed from March 2023 onwards. So the short sellers have timed this one to perfection.

Holders were complaining that short sellers and manipulation were the primary cause of the decline in share price. But history shows that the price decline was completely warranted as the price of lithium collapsed amid an oversupply of lithium. Short sellers have just as much to lose as holders, if not more as the losses can be unlimited. So they do their homework when they take short positions. It's not about trying to bash a company for the sake of it. It's taking a well-researched position that a company is overvalued.

What we've seen is just another classic case of holder confirmation bias. Holders refuse to believe anything other than their own narrative. To anyone not holding, it was completely obvious why the share price has been tanking. But holders refuse to accept facts and use scapegoats for rationalising why the share price is where it is.