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
$5.56 |
Change
-0.075(1.33%) |
Mkt cap ! $4.233B |
Open | High | Low | Value | Volume |
$5.56 | $5.65 | $5.48 | $15.66M | 2.814M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 34504 | $5.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.56 | 20330 | 49 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 36745 | 5.550 |
32 | 25830 | 5.540 |
21 | 34001 | 5.530 |
13 | 26140 | 5.520 |
12 | 28145 | 5.510 |
Price($) | Vol. | No. |
---|---|---|
5.560 | 17850 | 47 |
5.570 | 25091 | 24 |
5.580 | 33233 | 23 |
5.590 | 36869 | 13 |
5.600 | 14037 | 9 |
Last trade - 15.08pm 24/07/2024 (20 minute delay) ? |
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