RE:Are the shorts relenting?It appears the shorts are relenting for now, but probably not for long.
According to FINTEL, the number of VGCX shares available for shorting has noticeably increased just in these past few days from what used to be an average of about 450K shares (for the past several months), but since the start of this week went to 950K, and is now at 1,200,000 shares. That should be plenty to takje care of our daily trade volume. So it would seem that someone is making sure there is enough shares to borrow to go short should VG share price run up too quick in the short term. I see someone dumped about 50K shares at about 6.39 this morning so not everyone is convinced we're going a lot higher.
VGCX Victoria Gold Corp Stock - Share Price, Short Interest, Short Squeeze, Borrow Rates (TSE) (fintel.io) And here's the VITFF shares available to borrow for shorting...
VITFF Victoria Gold Corp Stock - Share Price, Short Interest, Short Squeeze, Borrow Rates (OTC) (fintel.io) And it looks like there's no shortage of Funds that are actively trading VG. The red means they're exited their positions and green have added. Seems there was a lot of exiting this summer which would explain the share price drop.
VGCX...
VGCX - Victoria Gold Corp Stock - Stock Price, Institutional Ownership, Shareholders (TSE) (fintel.io) VITFF...
VITFF - Victoria Gold Corp Stock - Stock Price, Institutional Ownership, Shareholders (OTC) (fintel.io) My take on this is that unless VG issues some very positive unexpected news or the gold price spikes above $2,000 US, VG share price making a significant move higher and holding there is probably wishful thinking. The funds are most likely controlling the share price and they've got deeper pockets than most of us. They can go long and short in a blink and no doubt will to make their profit. Gold up $24 as I write this and VGCX is up a whopping 4 cents...WOW!
I hope I'm wrong.
GLTA
HB77