RE:Touchstone's Gas to NGC vis a vis The "Dragon Deal"Good points on the difficult TT operating environment but the "short" point makes no sense to me.
As per your short chart, there were 3 times more shorts back on June 30th (stock closed at $1.06 that day) than on Oct 31st (stock price closed at $0.92 that day).
Over 200k shares were covered in that time period and stock price still went down 15%.
Even if some good news came out (we would all welcome that), current shorts can cover in 1 good trading day.
It's insignificant and that is good news in a way.
The ones that are leaving here are throwing in the towel (some at a loss) but we haven't seen (so far anyways) shorts really piling on betting that things could get worse.
That kind of tells me we are near the bottom.
My opinion only.
| 2023-06-30 | 315,216 | 148,624 | 233,037,226 | 0.14 |
| 2023-10-31 | 111,157 | 61,887 | 234,212,726 | 0.05 |