Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Bullboard Posts
Post by WBuffett1on Nov 06, 2018 2:54pm
92 Views
Post# 28932526

At least 3 months to cover the short positions for HCG.TO

At least 3 months to cover the short positions for HCG.TOCurrent short position on HCG (listed on TSX) is 4.15 million shares as of Nov 1
Average trading volume is around 200k shares a day

That means its gonna take an entire month to cover those short positions and this is assuming all shares bought are solely for covering the shorts. Realistically, you can assume 1/3 of all traded volume is for covering shorts. Hence, shorties will need at the minimum 3 months to cover their short positions.

Guess what: that is only the short interest in TSX. There is another 8.5 millon shares shorted through the OTC and there is virtually no volume there.

I don't know why any intelligent life form would take that kind of short squeeze risk. The "mother of short squeezes" is coming for HCG.

Bullboard Posts