maybe someone smarter than me can shed some light on the following observation, which might be just coincidence.
the three graphs show the net outstanding shorts (blue) and the share prices (red) for the current year 2013.
what I find surprising is that the LYC shorts seemed to have become uncoupled from the SP and stayed at around 200Mil althoug the SP kept falling substantially.
In comparison, PDN (uranium) and JBH (retail) both show the typical inverse relation between shorts and SP.
If you believe that the LYC SP is close to the bottom, wouldn't you expect that the shorts start to cover/decline?
If you believe that the LYC SP will drop further, wouldn't you expect that the shorts keep on growing, as shown with LYC at the beginning of this year?
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Price($) | Vol. | No. |
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