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Semafo Inc. T.SMF

Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new production site that is located in southeastern Burkina Faso. The Mana project, which has been in operation longer, includes the Siou deposit, which is about 20 kilometers from the Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr


TSX:SMF - Post by User

Bullboard Posts
Post by nijinsky70on Mar 19, 2011 9:27am
500 Views
Post# 18309859

More on short position 3/16.........

More on short position 3/16.........As reported earlier by some other posters, the short position at 3/16 remain releatively unchanged compared to 3/01 - at about 16.8 million shares.

However, the "current short coverage ratio" (the number of days required to buy the total shorted shares, based on the current daily number of shares traded) did lower a bit from 9.90 to 7.60. This improvement is caused by the higher number of daily trading when comparing the two periods.

The number of shares shorted remains very high at 6.2% out of 272.3 million shares outstanding. Hence, if the dominos ever tip the other way, the shorts will be hard pressed to cover.

https://www.dailyfinance.com/company/semafo-inc/smf/tor/short-interest

Bullboard Posts