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The battle lines have been drawn for Mineral Resources Ltd (ASX: MIN) shares, with many investment funds betting heavily against the mining and services company.
Shares in the lithium and iron ore miner are down 45% this year to date, sliding 14% in the last month alone. Now, the stakes are high, with short sellers aiming to profit from further declines.
Reports show that hedge funds have significantly increased their short positions in the company amid sluggish iron ore prices and a weaker lithium market.
But with management putting a raft of measures on the table, could Mineral Resources shares be poised for a comeback? Let’s see.
Shorts continue on Mineral Resources shares
Mineral Resources shares currently find themselves on the radar of hedge funds who believe the stock has further to drop. These funds can profit from stock prices going up (long) or going down (short).
According to market data…
