But the speed and scale of shorting activity around Pilbara Minerals in just a matter of weeks is astounding.

Hedge funds have now amassed a $2.3 billion position against it. In just six weeks, a further $980 million has been wagered on a price drop without any obvious catalyst to increase the shorts’ conviction.

Behind the $2b bet against the ASX’s favourite lithium stock comes via ChinaTechNews.com.