Reconnaissance Energy (Africa) Ltd V.RECO

Short position transparency

[Buyhigheatchips]

I wish they were more transparent with short positions and when they need to be covered and when they are covered. Seems like it should not be a black box or a thing you only get to know about after the fact.

[Moneycat]

I will admit I am now confused on the short info.....looked up the info this morning and it has the short info below.  Now is that how many shorts there are left or is that the number of shorts that have traded in the last period since June 15 SYMBOL COMPANY NAME 30 JUN 2021 16 JUN 2021 NET CHANGE % CHANGE % TOTAL TRADED VALUE RECO RECONNAISSANCE

[Moneycat]

Here is the page https://shortdata.ca/largest-short-positions

[peterj99]

I  believe that is the value. If you multiply the volume by the price you get that. That is how I read that

[willifican]

If you click on the line for RECO it will give you more information and on the 3 or 4th page it gives the 30 MM number as the value. will

[Yo_Dog]

The short data doesn't show the acutal short position, just short data related to volume and value. It's unclear if that short volume is day trading ... short early in the day and cover the short at the end of the day, for example. And it's unclear if it counts the covering volume as short volume. What is need it the net volume shorted. The TSXV sends that data out twice a month. I

[Zoolanders21]

I agree Yo-dog ... as i posted before, short positions must be declared by financial instiutions by the 2nd business day after close of the month so we should get an accurate picture of the true short position on Monday. Volume stats are mislieading. 

[Moneycat]

Thx Willifican.....you are correct.   The 74,000,000 was the total value of shares traded in the june 15-30 period.   I guess the magic number which we will never know is how many shares are Naked shorts ?? p.s  I hope everyone has a great weekend (up here or down south)...Enjoy time with family and try and  do something nice for someone less fortunate. 

[derpa]

Holly Lord If there are indeed 74 million shorts (and 41 million new shorts since June 16) then that would explain the big drop in price drop last Friday and this Monday. That is a very big short position that these shaddy crooks have launched. I would like to see them trtying to cover it! See you at over $30 suckers.