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TS03 Inc Trust Units TSTIF



GREY:TSTIF - Post by User

Comment by echo2on Jan 23, 2017 11:28am
227 Views
Post# 25741433

RE:RE:RE:RE:RE:Short

RE:RE:RE:RE:RE:ShortThe OTC short interest is about 3.5 M and has not moved much in past month or so, but we can't see the Jan 16 number for another week due to delayed US reporting. As was noted, the short interest in OTC did increase by a notable 95,000 this past Friday with the stronger share price. This OTC short interest has been noted to go up whenever the Canadian short interest goes down, or, in other words, when Canadian shorts are forced to cover. Thus, I expect about 100,000 of Friday's share purchases in Canada were due to short covering. This is, however, only the beginning of the squeeze: more to come over the next few days, at least. As the share price goes up, the shorts generally increase; but, as apparently there are few to no shares available to borrow for the shorters, they are in for an increasing squeeze. Also, the % shorted is not huge at all relative to the float, except that most of the float is very closely held by a relatively few large confident and long shareholders as well as a number of institutions. Thus, with the new buyer(s) suggested by GoPats, there is a substantial upward share price movement, and the shorters who have been playing this stock (especially since November) are being quickly squeezed. More to come... :)
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