I will link to an article in the May 30 Straits Times regarding the Malaysian two week lockdown which starts today. IMO the lockdown is appropriate given the unfavorable COVID situation in Malaysia.
Here's a relevant excerpt.
"Factories were a key source of workplace clusters, after the government allowed them to remain open under a movement control order (MCO) implemented earlier in May, citing economic concerns." (This shutdown includes most factories and I expect Lynas is included.)
https://www.straitstimes.com/asia/se-asia/malaysia-to-shutter-malls-most-factories-under-two-week-lockdown-starting-june-1
I see the current share price slide as being driven more by fear than short selling.
I will link to an article in the May 30 Straits Times regarding...
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
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| LYC (ASX) Chart |