Could be short covering Vol over 10 m shares Comark is the main player which is generating lot of volume. He is triggering high frequency trading. Source of shares coming out are from RBC.
I think SAFE approval should come by second week of September if they want to put the deal to bed. GEO has got a good deal they will make all the efforts to buy the company.
There is a short position of 5 7238 326 outstanding. These shares have to be covered. Do not see why someone who would be betting against the deal not being done. There are lot of other stocks to short. Even if the deal is not done. BNK will eventually see over $2.20. The audit decision was in their favour $37m in the pocket. No future taxes on the same issue plus they will bag $20m if the sale is not done by Sept 30.
T : BNK | 2016-08-15 | 5,728,326 | 595,944 | 261,557,384 | 2.19 |
T : BNK | 2016-07-31 | 5,132,382 | 137,800 | 261,557,384 | 1.96 |
T : BNK | 2016-07-15 | 4,994,582 | 113,895 | 261,557,384 | 1.91 |
T : BNK | 2016-06-30 | 4,880,687 | -955,676 | 261,557,384 | 1.87 |
T : BNK | 2016-06-15 | 5,836,363 | 826,723 | 261,557,384 | 2.23 |
T : BNK | 2016-05-31 | 5,009,640 | -1,331,960 | 261,557,384 | 1.92 |
T : BNK | 2016-05-15 | 6,341,600 | 527,585 | 261,557,384 | 2.42 |
T : BNK | 2016-04-30 | 5,814,015 | -301,829 | 261,557,384 | 2.22 |
T : BNK | 2016-04-15 | 6,115,844 | -3,731,829 | 261,557,384 | 2.34 |
T : BNK | 2016-03-31 | 9,847,673 | 2,083,564 | 261,557,384 | 3.77 |
T : BNK | 2016-03-15 | 7,764,109 | 269,102 | 261,557,384 | 2.97 |
T : BNK | 2016-02-29 | 7,495,007 | -73,033 | 261,557,384 | 2.87 |
T : BNK | 2016-02-15 | 7,568,040 | -63,518 | 261,557,384 | 2.89 |
T : BNK | 2016-01-31 | 7,631,558 | -344,131 | 261,557,384 | 2.92 |
T : BNK | 2016-01-15 | 7,975,689 | -235,098 | 261,557,384 | 3.05 |
T : BNK | 2015-12-31 | 8,210,787 | -2,423,450 | 261,557,384 | 3.14 |
T : BNK | 2015-12-15 | 10,634,237 | 1,559,232 | 261,557,384 | 4.0 |
House Positions for C:BNK from 20160902 to 20160902 |
73 Cormark | 4,652,700 | 8,932,219 | 1.92 | 3,457,400 | 6,634,018 | 1.919 | 1,195,300 | -2,298,201 |
99 Jitney | 481,900 | 925,968 | 1.921 | 412,300 | 791,722 | 1.92 | 69,600 | -134,246 |
9 BMO Nesbitt | 52,500 | 101,363 | 1.931 | 9,800 | 19,110 | 1.95 | 42,700 | -82,253 |
1 Anonymous | 2,826,068 | 5,430,012 | 1.921 | 2,789,300 | 5,355,911 | 1.92 | 36,768 | -74,101 |
19 Desjardins | 10,000 | 19,700 | 1.97 | 0 | | 10,000 | -19,700 |
53 Morgan Stanley | 8,500 | 16,441 | 1.934 | 0 | | 8,500 | -16,441 |
57 Interactive | 3,400 | 6,575 | 1.934 | 0 | | 3,400 | -6,575 |
65 Goldman | 700 | 1,365 | 1.95 | 0 | | 700 | -1,365 |
72 Credit Suisse | 103 | 198 | 1.922 | 0 | | 103 | -198 |
58 Qtrade | 0 | | 200 | 384 | 1.92 | -200 | 384 |
124 Questrade | 1,000 | 1,927 | 1.927 | 2,000 | 3,900 | 1.95 | -1,000 | 1,973 |
28 BBS | 0 | | 5,000 | 9,750 | 1.95 | -5,000 | 9,750 |
3 AltaCorp | 100,108 | 192,735 | 1.925 | 128,799 | 249,199 | 1.935 | -28,691 | 56,464 |
85 Scotia | 87,200 | 167,802 | 1.924 | 146,400 | 283,927 | 1.939 | -59,200 | 116,125 |
13 Instinet | 1,336,000 | 2,564,278 | 1.919 | 1,401,900 | 2,691,645 | 1.92 | -65,900 | 127,367 |
15 UBS | 99 | 190 | 1.919 | 81,700 | 156,685 | 1.918 | -81,601 | 156,495 |
39 Merrill Lynch | 249,300 | 480,510 | 1.927 | 360,008 | 691,383 | 1.92 | -110,708 | 210,873 |
79 CIBC | 42,900 | 82,260 | 1.917 | 203,848 | 393,642 | 1.931 | -160,948 | 311,382 |
7 TD Sec | 419,244 | 809,817 | 1.932 | 815,367 | 1,572,144 | 1.928 | -396,123 | 762,327 |
2 RBC | 566,597 | 1,088,889 | 1.922 | 1,024,297 | 1,968,829 | 1.922 | -457,700 | 879,940 |
TOTAL | 10,838,319 | 20,822,249 | 1.921 | 10,838,319 | 20,822,249 | 1.921 | 0 | 0 |