RE:RE:Short buy-stop position = C$14.27NewAgeMetal wrote: Not sure there are enough short shares to have that much of an impact, besides they kind of deserve it if they stayed short on a commodity based holding over the last week.
Short Position (Feb 15) = 355K
Ten-day average volume = 61K
Short ratio = ~ 6
So it would take 6 trading days on average for all the shares short to be covered. That would be enough for a short squeeze if LGO rapid daily increase in prices continued. It might not be a massive squeeze but it would be enough to have a positive impact on the rising sp.