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NEWALTA CORPORATION T.NAL

"Newalta Corp provides engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from oil and gas exploration and production waste streams."


TSX:NAL - Post by User

Post by compsys68on Dec 21, 2016 12:45pm
439 Views
Post# 25630441

Short interest at 1.7MM shares, provides solid tailwind

Short interest at 1.7MM shares, provides solid tailwind
Covering of 600K, that caused the BIG jump into the 2.20 range but there is still 1.7MM short. Everything looks good as far as Q4 guidance being in line. Hiring in the USA is ongoing (as per google job search) 2017 is going to be a better year, hoping to see 3-5 range for this under loved stock. Largest holder Letko, Brosseau with 19.6% of the shares are a very bullish bunch as they just added in another 2.5 MM shares on NOV 30th Short info below. T : NAL 2016-12-15 1,744,011 -673,832 88,148,148 1.98
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