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Just Energy Group Inc. (Canada) JENGQ

Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.


OTCPK:JENGQ - Post by User

Post by lighter789on Oct 27, 2015 10:24pm
149 Views
Post# 24232872

Intriguingly - the short interest is rising

Intriguingly - the short interest is risingOne might expect that the share price's recent rise reflects short covering. 

However, the latest Nasdaq data  (link below) shows that the number of shorted shares has increased by almost 700,000.
 
This suggests short selling to try and keep the share price down. Notably, the rise in price is not due to RJ or JP buying substantial number of additional shares (see Canadian Insider - their recent purchases have been relatively small). Perhaps others are building positions?

GLTA


https://www.nasdaq.com/symbol/je/short-interest
https://www.canadianinsider.com/company?menu_tickersearch=je

Settlement Date                      Short Interest              Increase
 
Oct. 15                                    6,419,355                    696285   (12%)
Sep. 30                                   5,723,070
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