TSXV:KHRN.H - Post by User
Comment by
FundyPickson Mar 20, 2021 7:14pm
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Post# 32845851
RE:RE:Short Positions for Khiron Life Sciences is 1,150,745 shares
RE:RE:Short Positions for Khiron Life Sciences is 1,150,745 sharesHe was accurate, what you are showing is the Short Volume. Which is the number of shares that were shorted during the previous 15 days period from March 1st to March 15. People short and buy back all the time.
The number of ~1.15M shares in short position at March 15 closing is accurante.
This is normal because the shares from the 45 cents financing because free trading next week around Friday. So people, such as hedge funds, who participated in the November financing, Short the shares ahead of time and cover their short with their shares that become free trading a few days later.
Normal pressure that happen on a stock when shares become free trading. But knowing that the financing was at 45 cents, and the stock is currently at 64 cents; I'm not expecting a lot of pressure and selling. Especially that the company is performing and is on an exponential growth path right now.
No big deal here... and obviously no short squeeze for dreamers.