SNC - TSX Short Sale Trading Statistics Summary https://www.iiroc.ca/sites/default/files/epubs/SSALE/20221201-20221215_ShortSaleTradingSummaryReport.csv?1671203101
Really interesting (but not necessarily in a good way) to observe from this TSX report (Dec 1 to 15/22) that SNC ranked #4 out of ALL TSX listed companies in short trades (35,304) as a percentage of total trade volume...coming in at a massive 53.5%...with total short volume being approx 5,275,000 (as Final referenced earlier this AM). But what really got my attention was the resultant average # of shares/trade of approx 150.
That's an average of only one and a half board lots per trade....extremely rapidly, many many times a day over the course of only two weeks (but particularly last Thurs/15th). Wow.
To me at least, this constant barrage of very small but never-ceasing short trades highlights the programatic methodology an unknown institutional entity has implemented to push keep SNC's share price artificially low.
I appreciate this "news" that SNC is being heavily/aggresively shorted won't come as a surprise to most of this board but the fact that it's being done in this particular manner gives me a sense that there's a strategically-driven purpose behind the screens vs. someone simply trying to squeeze a few more cents from this long-suffering and already well beaten-up name.
Food for thought.
GLTA.....The Phoenix