Shorting is also used for hedging & downside risk
It's never much fun when you are holding a company that seems to be under attack or under pressure or is suffering from significant competition or a drop in wider market sentiment or is exposed to a hot sector that has turned into a crowded sector with talk of glut or changing demands
We can't know exactly what the aim of aggregate or individual shorting is unless a particular fund or activist investor comments or price sensitive announcements are released or significant legal or political events occur
Sometimes shorts create buying opportunities for themselves & sometimes long term investors can consider adding to holdings when there's price weakness
Trying to figure out why we have seen SP weakness recently & if IGO is oversold or overvalued based on all current information, including projections, is maybe more relevant than the overall short positions, though shorting activities & totals shouldn't be ignored, nor become the main focus or sole factor of investing decisions
There's a chance we see economic activity stall, inflation remain high, interest rates increase & lithium demand plunge..... for a while
As others have mentioned there's likely to be significant consolidation in lithium sector & if IGO can survive downturn & tough market conditions, we might be able to position well for next lithium market upswing & increasing economic activities linked to lithium demand
See what happens
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Last
$5.31 |
Change
0.040(0.76%) |
Mkt cap ! $4.021B |
Open | High | Low | Value | Volume |
$5.26 | $5.39 | $5.26 | $10.00M | 1.881M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 17916 | $5.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.33 | 15386 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 17916 | 5.310 |
4 | 2372 | 5.300 |
2 | 3746 | 5.290 |
4 | 6943 | 5.280 |
4 | 48793 | 5.270 |
Price($) | Vol. | No. |
---|---|---|
5.330 | 15386 | 1 |
5.340 | 65103 | 7 |
5.350 | 27863 | 6 |
5.360 | 9909 | 1 |
5.370 | 1700 | 2 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
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