Short Interest
Short Interest declined a whooping 4,071,047, 45.4%, from 8,972,771 as of 16 February to 4,071.047 as of 1 March.
Here is the short interest report in graph and tabular form:
https://www.dailyfinance.com/company/precision-drilling-corporation/pd/tor/short-interest
In January when the share price was showing some weakness shorters ran their positions up to a peak of 9,286,316 shares by 1 February but they got caught out with Precision's last report showing its utilization rate jumped about 50% and revenue jumped 53% over the previous year. Since the second week of January Precision's share price has continued to climb and the shorters are scrambling to unwind their positions.
Here are the price charts:
https://stockcharts.com/freecharts/gallery.html?PD.TO
With 4,901,771 positions still to unwind as of 1 March we can expect further price appreciation.
Precision has had a 76% up trend consistency with a 2.2% price appreciation over the last 10 weeks.
Here is the trend consistency report:
https://tsx.profitrend.com/html/data___charts.html