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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEVMQ

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. Its geographic segments include United Stated, and Canada. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp., and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Bullboard Posts
Post by CdnMicroCapson Jan 23, 2019 9:40am
126 Views
Post# 29269522

Shorts on 01/15/2019 = 196,827 - short squeeze over for now

Shorts on 01/15/2019 = 196,827 - short squeeze over for now

On 12/31/2018 BUS had 566,174 shorts in it (the most number of shorts the stock has ever had at one time).

The low on December 27, 2018 was 0.59 which was without a doubt caused by alot of short sellers and maybe some stragglers still doing tax loss selling between December 14 and end of December.

65% of the massive short position has been covered and it appears they mostly covered at a loss since the stock went from 0.59 on December 27 to 0.91 on January 10.  

That would have made a good short term trade bouncing off the bottom but how was a person to know there would be so many stupid shorts entering a penny stock trading at a 2 year low.

 

Bullboard Posts