RE:Ironic that the shorts leaveA few comments:
1.) The shorts haven't covered - they are just trying to keep the gains from skyrocketing while they wait for the next shareholder meeting. They are doing that by selling 100 shares at a time on upticks. They are losing shares and ground, but haven't covered. I am sure they are waiting to see if the U.S. dollar will continue to drop and if the company's guidance comes out at the meeting. Both could EASILY happen.
2.) They have been trying to cover some of their position for the last few weeks but guess what, . .no one is selling at this level (SMART)
2.) The shorts are also heavily betting on bit coin and cryptos which are getting crushed. I am sure they were hoping the recent bounce would continue, but . . it looks like a dead cat bounce with the dollar heading south again, so they may be more worried about future margin calls on crypto right now.
3.) I have noticed on the U.S. side / yahoo that someone is trying to convince people that the shorts have covered. (probably in a feeble attempt to convince shareholders that the current price is the best we are going to see in awhile.) That's rubbish ! ! Do NOT buy into that garbage and sell shares thinking this is a short term top ! If you do, you will easily leave $1-2 / share on the table. Production will be up significantly in the 2nd Qtr and will be even higher in the 3rd Qtr. That also means profitability is coming (WITH NO DEBT)
4.) Even the Bank of Canada just said that inflation is going higher before it goes lower.