Highly unlikely large short coverage on Monday
Based on price action there would be little shorts covering. Any large covering in short positions would have shown an uptick in the price but it just trended down all day. That being said do not expect a short squeeze on this stock cause it won't happen.. If this company recovers from pandemic losses it will be a slow stock recovery . Kik likes to use debt as his main argument, as bad as debt is; it doesn't mean a company will go under. Once again I state we got to wait for the next quarterly to see if their restructuring and slowly opening of theaters is showing signs of turn around. Even the next quarter won't be too illuminating, I would expect by December we will know if the theater business is going to die or be revived . All stocks will rise and all stocks will fall. Anyone who shoots their mouth off about daily moves proving their position doesn't really understand the stock market. I'm not bearish or bullish on this stock. But I would like to see Cineplex recover as I love going to the movies.