RE:RE:RE:RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20APHA's shorting has picked up since the beginning of March, trending the opposite of FIRE...and FIRE hasn't started to deliver yet? It would appear FIRE is expected to be delivering a pretty sweet balance sheet for the quarter, while there is plenty of work ahead to right size for many in the sector. JMHO....Opt
DATE
S. SALE TRADES
% TOTAL TRADES
S. TRADED VOL.
% TOT. VOL.
S. TRADED VAL.
% TOT. VAL.
Apr 16 2020
16,959
12.824
6,793,077
11.192
32,776,568
11.442
Apr 1 2020
25,970
13.555
10,156,613
12.258
40,609,943
12.517
Mar 16 2020
10,527
9.499
5,125,505
8.260
21,323,409
8.524
Mar 2 2020
5,413
6.998
3,140,764
7.543
16,504,226
7.699
Feb 17 2020
14,225
15.639
6,592,566
13.487
37,862,824
13.323
Feb 3 2020
32,567
20.411
15,880,127
18.758
110,315,384
18.666
Jan 16 2020
22,464
16.213
8,730,260
12.430
56,108,903
12.173
Jan 1 2020
13,521
16.863
4,922,099
12.493
32,390,947
12.482
johnale wrote: you said before that mmcap wanted shares of fire?
they just scouped 100mil worth of aphria before the great earnings.
what happens when mmcap finds out fire will be able to pay for the debenture with free cash flow and some new debt issue.
does that not eliminate their need to hedge and short the equity?
would they buy up shares in the open market to establish the position they wanted?
I know the debenture was top of supremes mind over 1mth ago - and they were already formulating a plan. I'm sure they were negotiating already.
I think the fruits of those negotiations are happening as you can see the shorts have significantly decreased activity in the last two weeks - even after the rise from 15-30 cents,