Concordia Healthcare Corp. T.CXR.R

Short Analysis of Nov 5

[Marcel7]

So looking at the transaction level data from BATS exchanges I have the following information. I think it definitely helps to explain some of the stock movement and resistance levels we are seeing. While all the data on CXRX is in USD, I have included a rough conversion to Canadian (at a closing exchange rate of 1.3164 for yesterday) as CXR trades in Canadian. First, the short volume by price:

Price in USD	Price in CDN	Short Volume by Price
Under $28.00	Under $36.86	0
$28.00 - $28.25	$36.86 - $37.19	100
$28.25 - $28.50	$37.19 - $37.52	1850
$28.50 - $28.75	$37.52 - $37.85	5300
$28.75 - $29.00	$37.85 - $38.18	2430
$29.00 - $29.25	$38.18 - $38.50	900
$29.25 - $29.50	$38.50 - $38.83	1000
$29.50 - $30.00	$38.83 - $39.49	7319
$30.00 - $30.25	$39.49 - $39.82	13446
$30.25 - $30.50	$39.82 - $40.15	22526
$30.50 - $30.75	$40.15 - $40.48	1600
$30.75 - $31.00	$40.48 - $40.81	400
Over $31.00	Over $35.23	0

As you can see the short sellers were very active in the $39.50-$40.15 range. Basically stopping short any rally in the stock by selling into it.

And the following indicates short volume by time interval as well as the weighted average shorted price for that interval:

Time Interval	Short Volume by Time	Av Price (USD)	Av Price (CDN)
09:00 - 10:00	11584	30.26	39.83
10:00 - 10:30	5850	28.99	38.16
10:30 - 11:00	5950	28.58	37.62
11:00 - 11:30	1298	29.49	38.82
11:30 - 12:00	1601	29.98	39.47
12:00 - 12:30	6233	30.24	39.81
12:30 - 13:00	3895	30.41	40.03
13:00 - 13:30	2200	30.47	40.10
13:30 - 14:00	9700	30.27	39.84
14:00 - 14:30	4660	30.35	39.95
14:30 - 15:00	700	30.04	39.54
15:00 - 15:30	700	29.94	39.41
15:30 - 16:00	2500	29.95	39.43

Volume was heaviest at the beginning of the day, and increased in the early afternoon as the stock price began to rally.

Keep in mind that this is only the short volume on BATS exchanges, does not include NASDAQ or NYSE, but my guess is the short profile on those would be similar.

I have the raw data if anyone is interested, or can post at more granular intervals.

GL!

[TechTarget]

Keep posting Marcel7!  Awesome! I'm busy looking at the tickers on many stock but during the weekend, the research team and I will be all over the raw data on the fails to deliver off the SEC web site. In the meantime people, DON'T HAND OVER YOUR SHARES TO THE CROOKS!

[Craigbad]

thats the problem! Lol nobody is selling to the shorts, everyones buying shorted shares. The price would have recovered by now if the shorts weren't here. Any guesses on a new trading range?

[visionaryfool]

Just means one MASSIVE short squeeze when a few big players start buying!!! I really hope some of the hedge funds look at Concordia after VXR fall.

[JustforFun7]

very interesting...almost looks like they are acting with as little effort as they can to hold  it in this range....waiting for a  better opportuniity (a catalyst) to push it lower.  JFF7