Twin Butte Energy Ltd TBTEF

Short position increased by 496658 shares to 8683372 shares

[PUNJABI]

The increase in short postion by 496,658 shares at an average price of $2.44 from April 15 to 30 may suggest the these short sellers are expecting that the upcoming Qtr results may miss expectation.

Crude oil have been high in the last quarter & some of the energy companies have done well. In lot of cases & after the announcement of results the stocks have poped further.

Market will react to the announcement of results. Based on the performance of the sector TBE should also show some improvement for the quarter & provide improved outlook. During the last 11 short position filings 10 times the short position has increased which indicates that there are a few investors that do not expect improved peformance in the near futrure.

Only time will tell if these short sellers are right or worng. I am hoping that they are wrong and are forced to cover to reduce their losses.

Short Positions for TBE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : TBE	2014-04-30	8,683,372	496,658	345,071,217	2.52
T : TBE	2014-04-15	8,186,714	269,569	344,753,682	2.37
T : TBE	2014-03-31	7,917,145	-164,979	344,753,682	2.30
T : TBE	2014-03-15	8,082,124	516,892	344,520,642	2.35
T : TBE	2014-02-28	7,565,232	996,953	343,079,562	2.21
T : TBE	2014-02-15	6,568,279	78,016	343,079,562	1.91
T : TBE	2014-01-31	6,490,263	84,571	343,079,562	1.89
T : TBE	2014-01-15	6,405,692	561,151	343,079,562	1.87
T : TBE	2013-12-31	5,844,541	301,846	342,099,518	1.71
T : TBE	2013-12-15	5,542,695	150,082	342,099,518	1.62
T : TBE	2013-11-30	5,392,613	350,468	341,969,430	1.58