"I track the short interest data for the major #lithium stocks. The data for Mid April is now available:
The aggregate short interest in the 8 big names I track is now in aggregate $4.7bn (down $277m since end March, largely due to stock price declines).
This short bet remains equivalent to ~60% of the revenue base of the entire global #lithium industry. Speculators can go short #lithium via the futures but the equity bet is arguably the most liquid method of expressing a negative view on #lithium prices. Noticeable that the recent uptick in SC6 and LCE prices (GFEX2412 & recent auctions from $ALB $SGML etc) is not translating into reduced short bets.
I remain of the view that when the shorts cover it will be like watching a heard of elephants trying to get through a revolving door, all at the same time, esp in the names with the SI over 15% of free float. Will be spectacular."
o $ALB SI now at 11.7% vs 12.5% prior
o $PLS SI now at 21.4% vs 20.6%
o $LAC (now added per requests) 11.4% vs 11.3% prior
o $SGML SI now 17.0% of ex A10 float vs 17.6% prior
o $SQM remains small as % of shares but large in $ terms
o $ALTM flat at 6.7%
Other AUS names: $MIN 6.84% vs 6.58%, $LTR 10.1% vs 10.1%, $SYA 7.2% vs 7.2%
DYOR