It's always nice to blame everything on the shorts, but the reality is that the short interest for NVX (around 3%) isn't anything extreme or anywhere near it. So, there is certainly no massive short attack going on. True, short interest for NVX is above ASX average, but compared to international stocks, particularly the US ones, it's barely noteworthy. If you want to see a short squeeze, you would need to have at least 20% or preferably more of short interest, and that simply isn't going to happen with NVX.
NVX is going down because people and institutions, including some significant holders, are selling NVX. It could be due to a number of reasons, including, among other things, overall market sentiment and getting impatient with NVX and its lack of progress.
Media Watch - NVX related, page-6622
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68.5¢ |
Change
-0.020(2.84%) |
Mkt cap ! $335.1M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 699 | 68.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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| NVX (ASX) Chart |