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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > short interest of almost 12 million shares.
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Post by fundtrader on Jul 13, 2016 5:46pm

short interest of almost 12 million shares.

That is huge considering the fact that there is only 51 million outstanding shares in the market. Revenues are solid. Takeover is imminent
Comment by Stayinthegame on Jul 13, 2016 6:30pm
Can you pls explain how these short position are related to the possible takeover? Thank you
Comment by Roller007 on Jul 13, 2016 7:08pm
Short interest tripled since buyout talks started in April and never once dropped, this shows that the major shorts knew for a fact that a deal was not going to happen.  The logical conclusion is that pe firms that are in talks are the ones shorting it as they have vested interest in dropping theSP to get a better lowball deal and they know not to cover since they are In Full control as to ...more  
Comment by Stayinthegame on Jul 13, 2016 7:40pm
Thank you! 
Comment by MirrorWorldMan on Jul 13, 2016 8:25pm
US shorts are far from gifted and will dump into any news, good or bad. Its all they know how to do really.  Most of the time  they definitely dont know how to cover. So they keep borrowing and dumping, hacy sac back and forth with their bots playing with naked shares.  No wonder the short interest gets higher, they cannot get out.  Things look good on their balance sheets when ...more  
Comment by puma1 on Jul 15, 2016 7:20am
the 12 plus million shorts would put the short interest at about 27% when u back out the Cinven holdings: RBC do that adjustment in their Calc. Even on a full outstanding basis the number would be just short of 25%. I went Googling Nasdaq shorts and found a site called www.highshortinterest.com which has a number of charts and metrics reporting shorts. they keep a Top 150 shorts list for stocks ...more  
Comment by MirrorWorldMan on Jul 15, 2016 9:15am
some of the shorted shares may never be paid back or could include warrants..Nasdaq short tables provide trend data, which often is their main exploitive function by shortie.  Optics look worse than they are etc...
Comment by MirrorWorldMan on Jul 15, 2016 10:23am
Also; Another motivation, I have seen zacks buys also issue offerings after the SP rises.
Comment by wiIdthings on Jul 15, 2016 10:43am
This post has been removed in accordance with Community Policy
Comment by 3StrikesUROut on Jul 15, 2016 11:05am
This post has been removed in accordance with Community Policy
Comment by wordless on Jul 15, 2016 2:33pm
Earnings and guidance will be the catalyst(s).  Be it positive or negative, the catalysts will be known in 4 weeks.  It will tread until then.
Comment by 3StrikesUROut on Jul 15, 2016 4:07pm
This post has been removed in accordance with Community Policy
Comment by puma1 on Jul 15, 2016 4:15pm
that's called treading water and it doesn't mean anyt hing other than that the market is waiting to see results.
Comment by wordless on Jul 15, 2016 7:42pm
Market didn't believe Q1 numbers would be good.  CXR ran $10 a share after they were released. I believe the market is more worried about guidance.
Comment by Roller007 on Jul 15, 2016 8:29pm
Trading at 26.7 the market is already factoring in a miss and guidance adjustment.  If it's minor we might see 30, if it major we will see high teens much like what happened to Endo last quarter.  More importantly the market wants to see specific metrics regarding donnatel and the roll out of newer formulations from amco.  We went into Last earnings at 28.7, not far from where ...more  
Comment by wordless on Jul 15, 2016 9:41pm
More importantly the market wants to see specific metrics regarding donnatel and the roll out of newer formulations from amco.  Totally agree... Guidance.
Comment by MirrorWorldMan on Jul 15, 2016 11:31am
In the unfortunate instance you pass away, please do not donate your brain to science. Welcome to the land where the vertically challenged play skip rope in their toom, ignoriskan. 
Comment by wordless on Jul 13, 2016 11:28pm
 "takeover is imminent" ROTFLOL!!!
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