Post by
jim96 on Oct 11, 2020 10:23am
Short selling increases on MMY
Just check IIROC short selling report, and to my surprise, the shares shorted on MMY reach to 138529, and that's a big jump. At current low share price, we are still targeted, I am wondering what share price will make the shorters cover their position, 3 cents or 5 cents? Any thoughts?
Comment by
nozzpack on Oct 11, 2020 12:25pm
It's my observation that the MM shorts the stock every two or 3 months . These are small shorts usually $15,000 or less. Monument is an illiquid stock so shorting such small volumes is possible . Fundamentally, such minuscule shorts are meaningless