RE: 8% short position--Holy ***!Okay, since I started this 8% short interest thing, I better clarify.
It was calculated to be 8% (548,700 shares) of the "float" which they had as 71 million shares. Float being different than the 122 million shares outstanding or the 142 million shares of SST fully dilluted? Or maybe their 71 million figure was just plain wrong and outdated?
I got it from here:
https://www.vantagewire.com/quotes/viewquote/SST:CA/
It has since been updated and the number of shares shorted is down to 486,700 which would be just under 7% of 71 million but only what 4% of 122.4 million.
Now I don't know if naked short shares are included in this reported figure which by the way comes out every two weeks but is lagging by two weeks.
Another and maybe better way to evaluate the extent of shorts is to see what the "days to cover" is. That is figured by dividing the total number of shorted shares (486,700) by the average daily volume (178,000 last 2-3 weeks) = 2.7 days to cover. Anything less than 2-3 days is considered insignificant. So unless there is naked shorting that is not reported, it would appear that SST is not a victim of shorting.
Hope this clears things up