OTCPK:DJACF - Post by User
Comment by
bpeterson Nov 24, 2017 9:31am
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Post# 27024771
RE:@highlander.. shorts interest
RE:@highlander.. shorts interestHighrider2,
Although it may seem that the shorts have increased dramatically, the following analysis "shorts as a % of O/S shs" may paint a different picture.
CAPITALIZATION:
Issued and O/S: 58,753,000
Reserved for Issue: 22,284,000
| Date | $ Value | Shs shorted | AVG S.P | % of O/S | |
| Aug 16 2017 | $169,051 | 233,039 | 0.725 | 0.4% | |
| Sep 1 2017 | $65,342 | 120,317 | 0.543 | 0.2% | |
| Sep 18 2017 | $161,767 | 283,931 | 0.570 | 0.5% | |
| Oct 2 2017 | $15,085 | 23,183 | 0.651 | 0.0% | |
| Oct 16 2017 | $159,148 | 154,851 | 1.028 | 0.3% | |
| Nov 1 2017 | $238,275 | 252,108 | 0.945 | 0.4% | |
| Nov 16 2017 | $442,543 | 488,607 | 0.906 | 0.8% | |
| Observations: | |
| 1) Shorts as a % of O/S shs < 1% | |
| | ~ Even though shorts have increased "dramatically" but they are |
| | not significant as a % of total shs O/S | |
| | ~ Shs shorted = 1 1/2 X AVG DAILY Vol of 328,000 |
| 2) Nov 16 th AVG S.P of shorts is $0.91 | |
| | ~ Shorts appear to be betting that S.P will decrease < $0.91 |
| 3) AVG daily VOL 327,900 Is there a potential short squeeze if we have new highs |
| | Any update on expansion of building facilities or staus of "sales" license inspection could give S.P a boost | |
| | GLTA | |