Short InterstsShort interest increased 254,704 from 1,109,700 on 16 February to 1,364,404 as of 1 March.
Here is the graphical and tabular report:
https://www.dailyfinance.com/company/largo-resources-ltd/lgo/van/short-interest
Coincident with the increased short selling Largo's share price fell. Here are the charts:
https://stockcharts.com/freecharts/gallery.html?LGO.V
The shorts however are now entering a danger zone. The MACD fast line over the last two weeks has been converging on the slow line and threatening to reverse direction and pull back up to the zero line and cross above it on the daily charts. We can see the share price attempting to bounce off of the 50 day moving average.
This positive technical change is likely reflective of the anticipation of imminent news of financing.
Should the financing close we can expect the price trend to reverse and the short sellers will have to start covering giving upward momentum to the share price.