Short Interest, Index, Global EventsShort Interst was down 26,000 from 41,800 as of 1 March to 15,800 as of 16 March. Here is the graphical and tabular report:
https://www.dailyfinance.com/company/orvana-minerals-corp/orv/tor/short-interest
This short interest is to small to have a big impact on share prices but it is an indicator short sellers do not see further downside and are covering and recent events are proving their assessment is correct.
During the first two weeks of March Orvana shares sold off but last Tuesday during global panic selling Orvana reversed on the day's decline and has since seen share price increases over the last two trading days on strong volume. Here is the chart:
https://stockcharts.com/freecharts/gallery.html?ORV.TO
These gains are in concert with a reversalin metals and mining that appears to be taking hold. This may be the start of an up trend.The S&P/TSX Capped Diversified Metals and Mining Index was also up over the last two sessions finishing near a high each day which is a bullish indicatorfor a continuation on Monday.
That expectation is all the more likely given the stabalization of events in Libya and Japan over the weekend.
Here is the S&P/TSX Capped Diversified Metals & Mining Index:
