for all those waiting for a short squeeze...
there appears not to be any evidence of it between Feb 22 to Feb 26 even though on Feb 26 volume/av vol (27m) doubled and the price rose 5.7%
Total shorts on Feb 22 then were 639.4m and on Feb 26 were 631.9m
roughly about the same but with a slight decline of about 7.5m or about 1%
The big read will be for the period Feb 27 to Mar 1. In that period there was one day, Feb 28, where the price rose 7.5% on triple average volume and a few other high volume days.
the bench mark will be 61.9m/ 21% short and it will be interesting to see how much the number short falls and whether or not a short squeeze is on.
My sense of it is is that shorters are focused on "the oversupply of lithium, the falling lithium price & declining EV sales" scenario which is likely to play out long term and so they will be holding on to their shorts in the hope of a much lower share price down the track.
So let's play closest to the pin...
I am predicting total shorts to be around 625m?
what do you think the total number of shorts will be come March 1????
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for all those waiting for a short squeeze...there appears not to...
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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