8% short position--Holy ***!OMG!
An 8% short position is 10 million (of ~122M SST outstanding) shares. According to Yahoo, SST's average daily volume for the last three months is 447,000 shares--and that INCLUDES the one day on which Lundin sold their ~20M share position. Take out that one Lundin trade and the daily average drops 75%--to 114,000 per day. A 10M share short position then represents 88 days of average trading volume for SST shares--over four months of normal trading volume! No wonder SST shares have cratered! It also means that there would be a short squeeze of epic proportions if unexpected, significant good news were announced (e.g., new silver stream, share buyback, etc.)
How can we verify this 8% figure? If true, it explains far more than anything else what has recently happened to SST's stock price.
If this 8% figure is verifiable and valid, then, I would love to know who these feckers are who shorted these SST shares. And if they have illegally naked shorted the stock, well.. I better not say what I'd want to do to them.