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Bullboard - Stock Discussion Forum TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."

TSX:TST - Post Discussion

TELESTA THERAPEUTICS INC > 2.5% of the float is in a short position
View:
Post by rjc7 on Sep 23, 2014 9:19am

2.5% of the float is in a short position

That's 3.5millon shares as at Sept 15.  Any positive news and watch the shorts get squeezed!
Comment by 1wascallywabbit on Sep 23, 2014 11:02am
I find it hard to believe there would be that many stocks short?? As soon as we made the run to 0.31, it seems they shorted it, and are still not covering. At what price do they cover? Or do they take a chance on a Negative decision in October, and then lose tremendously if the answer is positive. Will someone who is shorting this, please come on here and let us know why?
Comment by RetailRube on Sep 24, 2014 12:07am
Wabbit, someone who works in the securities industry could explain it to you better than me.  But let me give it a shot: Page 27 of the final prospectus says "the Agents [Dundee et al] may effect transactions intended to stabilize or maintain the market price of the Common Shares at a level other than that which might otherwise prevail in the open market.  Such transactions, if ...more  
Comment by 1wascallywabbit on Sep 24, 2014 9:58am
Hey rjc7, can you post the Short Position after Month end sometime next week? What is the link to that data?
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