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Bullboard - Stock Discussion Forum Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s):  SNCAF

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes... see more

TSX:ATRL - Post Discussion

Atkinsrealis Group Inc > SNC - TSX Short Sale Trading Statistics Summary
View:
Post by sncthephoenix on Dec 19, 2022 7:27pm

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  


 
Comment by Alexcanada on Dec 19, 2022 8:21pm
  this tells me that the bottom is in sight if anything.. they will have to cover and they won't be able to do it in a short amount of time  
Comment by WizardFuture on Dec 19, 2022 9:01pm
I don't see the bottom yet if the general markets does not bottom. Unemployment is going to be horrible in the next couple of months.
Comment by Fuergo on Dec 19, 2022 9:40pm
Ouch! the fall will be painful
Comment by finalstep on Dec 19, 2022 9:41pm
Pas vraiment quand on avait pris les devants....
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