Novus Energy Inc NOVUF

Anonymous shorter

[ardvark11]

Anonymouse, probably a hedge fund shorted NVS probably averaged between 1.10 and 1.12 on the short.

Broker Positions for C:NVS Broker #1 from 20130115 to 20130131

Date	Bought	$Val	Ave	Sold	$Val	Ave	Net	Position	$Net	$Position
20130115	285,000	314,047	1.102	363,200	394,390	1.086	-78,200	-78,200	80,343	80,343
20130116	58,600	64,292	1.097	132,000	145,123	1.099	-73,400	-151,600	80,831	161,174
20130117	14,600	16,060	1.10	21,200	23,349	1.101	-6,600	-158,200	7,289	168,463
20130118	181,200	207,428	1.145	69,600	79,711	1.145	111,600	-46,600	-127,717	40,746
20130121	26,400	29,982	1.136	4,200	4,746	1.13	22,200	-24,400	-25,236	15,510
20130122	33,800	37,167	1.10	258,100	279,469	1.083	-224,300	-248,700	242,302	257,812
20130123	9,000	9,990	1.11	9,200	10,090	1.097	-200	-248,900	100	257,912
20130124	22,700	25,326	1.116	19,100	21,314	1.116	3,600	-245,300	-4,012	253,900
20130125	27,200	29,603	1.088	342,500	370,449	1.082	-315,300	-560,600	340,846	594,746
20130128	42,900	45,702	1.065	69,700	73,918	1.061	-26,800	-587,400	28,216	622,962
20130129	125,800	139,227	1.107	453,300	502,154	1.108	-327,500	-914,900	362,927	985,889
20130130	81,900	94,164	1.15	359,300	410,465	1.142	-277,400	-1,192,300	316,301	1,302,190
20130131	22,600	25,296	1.119	53,300	59,039	1.108	-30,700	-1,223,000	33,743	1,335,933
TOTAL	931,700	1,038,284	1.114	2,154,700	2,374,217	1.102		-1,223,000		1,335,933

[jmostock]

Not sure I would read too much into this short position.     It is likely used to keep a lid on the price for negotiation reasons.   Plus whoever the short house is, they may very well have several milliion shares from .60 to cover their position.