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Reyna Silver Corp V.RSLV

Alternate Symbol(s):  RSNVF

Reyna Silver Corp. is a Canada-based junior exploration and development company. The Company is focused on exploring district-scale silver deposits in Mexico and the United States. The Company’s properties include Guigui Property, Batopilas Property, Matilde Property, El Durazno Property and Medicine Springs Property (Nevada). The Guigui Property consists of over seven concessions (4,553.7034 hectares) and is located in Chihuahua, Mexico. The Batopilas Property consists of over 10 concessions (1,169.7313 hectares) and is located in Chihuahua, Mexico. The Matilde Property is located in Sonora, Mexico and consists of approximately 1,369 hectares. The El Durazno Property is located in Sonora, Mexico and consists of approximately 24,630 hectares. The Company has an 80% interest in the Medicine Springs Property, located in Elko County, Nevada. The Company’s properties also include La Chinche Property, La Reyna Property and Trudeau Gold Property (Quebec).


TSXV:RSLV - Post by User

Comment by DeepValue81on Jun 22, 2022 10:30pm
140 Views
Post# 34775979

RE:RE:Large amount of short share availability

RE:RE:Large amount of short share availabilitySo, it looks like about 7-12% of daily trades are short... meaning they are borrowing and selling to drive price down.  If investors see "asks" that are lower... they usually think price is going down due to issues with the company or investors trying to get out.  And the shorts are hoping they put a lower ask for their shares to get out of the stock.  This also triggers stop losses.  When the price goes to their target level, they buy back the shares they borrowed, because they are paying to borrow shares and need to cover eventually.  They are screwed if they borrow a bunch and they price goes sky high... they they have margin calls if they are highly leveraged.  When you short a stock you can borrow way more shares....and only have to put down a small percentage.  Very risky because the losses are limitless if the stock continues to go up.  Look at what happened with gamestop, amc, all heavely shorted and the shorts suffered billions in losses.  I remember VW and tesla also gaining off of the short position covering.  Right now Reyna Silver is not that high on the short position, possibly 100,000 shares but there is a 500,000 block out there available.  The range lateley has been up to 5x the current short position.  They usually borrow when stock is up a bit  and try to push it down. Hope they get caught on a big discovery.
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