PLS 2.93% $3.65 pilbara minerals limited

for all those waiting for a short squeeze...there appears not to...

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    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????
    Last edited by kennethgalbraith: 01/03/24
 
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