"If they wanted to close their positions they would simply buy them back and make a whopping profit"
Thomo you dont seriously think it is that simple do you? For one, there is no real sell volume or buy volume, its shorts who are providing the volume, but its just churn. Every good announcement has seen the volume get excited but it just gets clobbered back into submission.
Everyone sees the intrinsic value here but the real buyers and sellers are sitting on the side lines waiting for the privileged ones in control of this stock (the 16% shorts) to move on or switch their tactic.
If they simply bought 60M shares back the share price would be back where it was $4.50 plus. This would also send a message that the rest of the Li stocks will be in for a run. The privileged traders are not ready, or positioned for this yet, when they are we will see shorts decreasing and share price increasing.
We are a small company who has attacted the interest of multiple large companies, and they are having their way with us.
GXY Price at posting:
$1.92 Sentiment: Buy Disclosure: Held