Seabridge Gold Inc T.SEA

Alternate Symbol(s): SA

Metals & Mining Gold

Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties, with an emphasis on gold resources, located in Canada and the United States. The Company holds a 100% interest in several North American gold projects. Its principal assets, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's Golden Triangle, the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. The KSM Project is an undeveloped gold project. Iskut is a 294 square kilometers property located approximately 20 kilometers (km) east of KSM. 3 Aces is a 314 square kilometer property located in southeastern Yukon. The project is a district-scale, orogenic gold project. Snowstorm is a 103 square kilometer property located at the intersection of three major Nevada gold belts. Grassy Mountain is its non-core asset.

TSX:SEA - Post by User

Seabridge Gold Inc

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Comment by seanyboyon May 21, 2008 12:22pm

512 Views

Post# 15094384

short interest thoughts?

I've had a look at the short interest for SA as reported by shortsqueeze.com

Short Interest (Shares Short)	2,399,500
Days To Cover (Short Interest Ratio)	10.6
Short Percent of Float	8.39 %

8% seems like an awful lot of outstanding shorts to me - a lot of the float is held by insiders and institutions. Yahoo says:

% Held by Insiders¹:	25.09%
% Held by Institutions¹:	21.50%

So of the 54% is not held by insiders and institutions, 8% is sold short. Seems like an awful lot to me, especially as SA trades pretty low volume. Any thoughts?

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