PLS 3.83% $2.98 pilbara minerals limited

Hedge funds smelling a short squeeze. Seriously bad outcome for...

  1. 6,445 Posts.
    lightbulb Created with Sketch. 2625
    Hedge funds smelling a short squeeze. Seriously bad outcome for shorters here. This was meant to be the catalyst to cover. They even had the luck a bad US lead. If not green today, it will be tomorrow. They really needed the panic to generate the volume. They might have some luck on some downgrades tomorrow to help cover but the technicals today are showing a lot of resiliance which can be explained by the need to cover 15% short position.
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$2.98
Change
0.110(3.83%)
Mkt cap ! $8.969B
Open High Low Value Volume
$2.99 $3.10 $2.95 $98.90M 32.90M

Buyers (Bids)

No. Vol. Price($)
5 16986 $2.97
 

Sellers (Offers)

Price($) Vol. No.
$2.98 175531 5
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.