Short InterstShort interest increased 7,100 from 34,700 on 16 February to 41,800 on 1 March.
This is a very small increase and the absolute amount is also very small relative to the daily trading voloume and as a consequence it has only a minor influence.
Here is the short interest graphical and tabular report:
https://www.dailyfinance.com/company/orvana-minerals-corp/orv/tor/short-interest
While this increase in short interest was a minor influence coincident with Orvana's share price fall over the last two weeks of February, the fall is reflective of a fundemental pull back in operations while Orvana had to rely for a period on production from the small, lower grade resource at Don Mario while progressing its UMZ and Spain projects.
Here are are the charts:
https://stockcharts.com/freecharts/gallery.html?ORV.TO
However, that is about to change with the announcement at the annual meeting that UMZ started production and Spain is on track to start production in about two months conincident with strong metal prices and the recently announced 50% measured and indicated resources increase at Copperwood. We saw this in the last session with Orvana closing up 2.2% on very strong volume.
With the news the shorts were likely covering in the last session adding to the jump in volume and price. Short interest had been weak over the last two months already as it was likely due to Orvana's strong financials and prospects so positive news was going to give shorts a reasons to unwind their positions. We will know for sure when the next short interest report comes out in two weeks.
We can expect a strong reversal from this point onward and a resumption of the long term up ward trend prevelant up until January of this year