Short Report AnalysisThis analysis is for the past week trades, numbers rounded:
Short selling increased 650% to 3.3mm shares.
Share price range: .28c to .34c, close .31c
Weekly trading volume 8mm of which 70% of sellers were short sales.
This is one of the largest small cap short positions in Canada.
This amount of short selling would be likely a hedge fund trying to drive the price down.
Their objective to drive the price down hasn't succeded.
Bullish traders did not get scared off as they had hoped.
A MASSIVE SHORT Squeeze potential exists!!
If you wondered why this weeks news didn't get a big jump, now you know.