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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Post by Gabrielon Jan 02, 2024 11:55pm
223 Views
Post# 35808154

Short interest on the TSX

Short interest on the TSXhttps://www.iiroc.ca/sites/default/files/epubs/SSALE/20231216-20231231_ShortSaleTradingSummaryReport.csv?1704103513

About a third of all sales on Aecon in December were short sales, i.e. sellers selling Aecon without owning the shares. About 1,080,000 shares short on the TSX. 


Add 741,000 on the OTM US, totals 1,820,000 shares (3% of all shares) or about 7 days to cover based on 259,000 shares traded daily on average.

So if smart institutions, funds and private investors control 70% of the shares and do not sell below 20-25$, then those 3% short sellers will be chasing the 30% retail float. 

As we get closer, every working day, to the end of the LSTK saga, institutions will wither initiate or increase their positions as the case may be. At the same time and as the stock will climb fast, shorts will run to cover and we will see the stock move up, hopefully above 18$ by year end.  



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