Post by
jcjohn36 on Jul 13, 2018 10:13am
Short sellers jumping on
From today's G&M.
In July, short sellers continued to retreat from a relentless bull market, led by substantially lower short positions in the shares of First Majestic Silver Corp., Badger Daylighting Ltd. and Canopy Growth Corp. Partially offsetting this move to the sidelines was a ratcheting up of bearish bets on several other companies, notably Baytex Energy Corp., Alaris Royalty Corp. and Sleep Country Canada Inc.
A notable jump (33 per cent) was Alaris Royalty Corp. The company provides capital to private firms in exchange for royalties; its dividend yielding more than 9 per cent may be at risk given the high portion of income needed to finance it.
Comment by
brewster123 on Jul 13, 2018 11:32am
With so much short interest, a big announcement in the $30-50 million range would really make the stock pop when the shorts scramble to close their short positions.