shorters covered ~ 6 million PVG shares within 2020I guess the first 2021 Short Interest figures for PVG will come out soon.
Before this happens let us have a look about short figures from end of 2019 and end of 2020.
Here they are for the US markets:
End of 2019:
| Pretium Resources Incorporated | $ 11.02 | | PVG (NYSE) | -0.01 | |
| | view | | | view | | | view | | Short Interest (Shares Short) | 13,610,000 | | Short Interest Ratio (Days To Cover) | 8.2 | | Short Percent of Float | 7.47 % | | Short % Increase / Decrease | 19 % | | Short Interest (Shares Short) - Prior | 11,470,000
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PVG US Short figures at end of 2020:
| Pretium Resources Incorporated | $ 10.87 | | PVG (NYSE) | -0.06 | |
| | view | | | view | | | view | | Short Interest (Shares Short) | 7,630,000 | | Short Interest Ratio (Days To Cover) | 6.3 | | Short Percent of Float | 4.22 % | | Short % Increase / Decrease | -2 % | | Short Interest (Shares Short) - Prior | 7,820,000 | |
It means within last year nearly 6 million PVG shares were bought back by the shorters to cover their short position.
This makes O`Brien`s balance about the poor share price development since he became head of Pretium even looking worser.
What a bad luck for Pretium that we have such an old and incapible man as head in our cockpit of a very fine ship, which he took over from Bob Quartermain. Who had the idea to give him this position ?!
Canadian short figures stayed nearly the same within last year, a bit more than 2 million shares.
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source for the US short figures quoted above:
https://shortsqueeze.com//shortinterest/stock/term2.php?s=PVG