GREY:TBTEF - Post by User
Comment by
PUNJABIon Dec 19, 2014 8:42am
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Post# 23248061
RE:Short positions
RE:Short positionsThe short position of TBE is very small. In most of oil stocks the short positions are very large & continue to increase. Short position of SU & XEG also increased.
ATH has 66 million shares shorted 16m were added in last report. They have huge amount of cash. LEG has 31 million shares shorted. Some hedge fund are beating up oil stocks at even the present low prices.
In case of TBE 552194 share increase on top of 1.5 million shares shorted is nothing & would have little bearing on the share price either way. This last increase could be a HFT short with is being created & covered in a very short time. The average short price for the last short position was $.925
In the last few days oil stock have bounced back as a result of some bargain hunting & short covering. It seems that few short sellers may be locking in their profits for year end performance.