First Global Data Ltd FGBDF

First Global Data Ltd is a Canada-based company. The Company is a financial services technology (FINTECH) company. The Company enables its strategic partners and clients around the world through its financial services technology platform. Its technology drives the convergence of compliant domestic and cross-border payments, shopping, peer to peer, business to consumer and business to business payments. The Company's two lines of business includes mobile payments and cross-border payments. The Company's FINTECH solutions include FirstGlobalMoney, Happytransfer, Vpayqwik and Payqwik.

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First Global Data Ltd

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Post by wotsisnameon Oct 13, 2017 12:40pm

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Post# 26810474

FGD short sales drop - a positive sign

Another positive sign for the stock price is the decline in the value of short sales. The numbers have been going down for a while so, clearly, the short sellers are figuring that the risk-reward ratio doesn`t look too promising these days.

Back in February, short sales were 24% of the total. That`s the highest they ever got to. The decline started in July and shorts are now only 6.3% of the total. However, back in Jan-Feb, the numbers were as low as 1.53% - 3.6% so we still have some way to go. We`ll get there. After Q3 results are posted, I`m willing to bet that the ratio will drop to around 2%.

For more details of short sales, see https://shortdata.ca/?c=first-global%20data%20limited-short-sales&sym=FGD.V

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