Short InterestOver the last two weeks short interest increased 254,704 from 1,109,700 on 16 February to 1,364,404 on 1 March 2004.
Here is the short interest graphically and in tabular from:
https://www.dailyfinance.com/company/largo-resources-ltd/lgo/van/short-interest
The short sellers bets are losing. Despite the increased short selling over the last two weeks Rodina's share price has been increasing. Here are the graphs:
https://stockcharts.com/freecharts/gallery.html?rm.v
There has been a strong reversal. On the daily chart the MACD fast line crossed over the slow line a week ago and both lines have moved into an upward trend and close to hitting the zero line and crosssing over.
In short, the technical indicators are very bullish.
This bullishness is fundementally supported by Rodinia's recent positive NI 43-101 measurement of Diablillos resources that vaulted Diablillos to the second best world class lithium resource that will grab attention of users and other producers and virtually assures its aceleration toward low cost production.
So why the increase in short interest? We do not know within the two week period when this increased short selling occurred but likely it occured in the third week of February prior to release of the NI 43-101 and while the charts were still signalling a downward trend. Basically it looks like the shorts got caught out and likely they may well have already started covering and that has been adding to Rodinia's upward trend.