on Tuesday 11 APR shorts were only 2.33% of shares outstanding. In last 6 weeks shorts have never gone below 2% or above 2.5%. I would realy like to hear why shorts are a factor for this stock. Shorts have had some high volume days but if someone buys or sells in the AM then gets out before end of day the net effect is nil.
What about the impact of much lower revenue in Q2 and a big drop in profits and revenue YOY FY 2023 over 2022. Why should prices climb with there 3 products dropping so violently decreasing revenue and earnings substantially. Yes REE prices are cycle and will turn but I want to see some clear indication of it happening before investing.
**************** All sectors and stocks are cyclical. The easiest way to cover big loses or gains is chang Stocks to one that is going the correct way. That usually means changing sectors.
LYC Price at posting:
$6.72 Sentiment: Sell Disclosure: Not Held
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