Jim Chanos’ 5 Short Positions in 2023

3. Piedmont Lithium Inc. (NASDAQ:PLL)

Value of Put Option: $1,759,465
Year to Date Gain: 6%

Piedmont Lithium Inc. (NASDAQ:PLL) is a development Stage Company that explores and develops resource projects in the US. It is developing a Lithium project in Carolina, making it a key player amid growing demand for Lithium to lithium-ion batteries. While the stock is up by more than 6% year to date, it is down by about 35% from 2023 highs. The slide underscores why the stock would be one of Chano’s short plays.

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