It’s probably reflective of what bigger money (in general) is doing with lithium right now - I.e. they still view the potential for further downside as outweighing the risk of upside catalysts in the short term.
Also, a significant amount of the short money is probably related to funds with a short mandate - I.e. shorts view lithium as the best place for capital looking to short a sector of the market - it’s difficult to find another sector to short given equity markets are back in bull mode.
It’s probably reflective of what bigger money (in general) is...
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Last
$3.09 |
Change
0.025(0.82%) |
Mkt cap ! $9.210B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.10 | $3.08 | $7.916M | 2.555M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 146599 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 201848 | 46 |
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| Last trade - 10.26am 15/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |