Here's the updated aggregated short positions extracted from...

Here's the updated aggregated short positions extracted from ASIC's website.

https://asic.gov.au/Reports/Daily/2022/11/RR20221121-001-SSDailyAggShortPos.pdf

Its worth noting that on 18 Nov 2022 (Friday), aggregate gross short (as a percentage of issued security) is 3.12%.
The aggregate gross short (as a percentage of issued security) jumped to 3.60% on 21 November 2022 (Monday).
The SP dropped from 2.45 to 2.34 (down 11 cents).

Who said the shorts don't have an effect on the SP?

In my opinion, the fundamentals of the company is pretty strong based on the following:
1. EV will inevitably replace ICE car. This is a fact.
2. Even the half-baked interim solution - Hybrid requires plenty of batteries. This is a fact.
3. Demand for EVs & Hybrids are crazily strong. Just visit ANY Toyota dealership in Australia, tell them you want a Hybrid and ask for a discount and the wait time? There is literally no or very little discount & the wait time is 24 months+ for some RAV4 Hybrid cars.
In fact, they are increasing the price of the Rav4 Hybrid every year by $2000-3000!
4. NVX is not a MEMO stock. Otherwise, the US government wouldn't have selected the company for the $150 Millions USD grant!
5. US government policies - after the COVID, the US government wants to bring the battery supply chain back in the United States as this is a strategic resource!

DYOR & good luck to all!