CRE Short positions
Symbol Shares Net Change Date
$CRE.V 118,867 95,285 15 Jun 2022
$CRE.V 23,582 -71,249 31 May 2022
$CRE.V 94,831 -10,785 15 May 2022
$CRE.V
105,616
2,321
30 Apr 2022
So, in the first half of June, the short position increased, assuming the MM used the stock run to short it.
Only 100K shares, but given the trading volume we have, this actually can suppress the stock price.
As soon as the permit is announced or this (if ever) hit $2.5 I'm jumping ship as I don't trust this management. In my opinion, they already have a DEAL to finance the project and it will be on the back of existing shareholders.
I personally don't buy that it's all dead as everyone waits for a permit. The first trading rule is "buy the rumor, sell the news", not the other way around. JMO