RE:RE:CJR PE 4, 2x cashflow. Earnings growth rate +15% next year.https://shortdata.ca/stock/CJR.B.TO/
You can look up that link and see short interest has stayed steady at 22% of trades, there ain't nobody shorting 2M shares of this. Record date for the last 2 week period was literally yesterday too.
Just people giving up shortly after an earnings report where something unexpected happened (accounting charge for leases) even though they don't know that it will be longer term VERY positive (EPS boost of 7 cents/year permanently).....happened last Q too and really this is still feeling the extra shares floating around from the Shaw issue.....40% more shares floating around so yes Corus does need to buy back a bunch to clean that up (because they can)....
....which will also boost the EPS even as overall revenues is flattish.