RE:SHORTSELLING TELLS YOU ALOT ABOUT A STOCK
And yet, MOST of the current trading volume is short sellers! Actual Hexo shareholders are not selling. They are buying. They are buying are what the shorts are selling at $.86. That tells you something... that Oldtimer intends to sell those shares back to the shorts at $2. And, why are shorts piling on? A reverse split. Just like Aurora in May. What happened? The ACB share price more than tripled when the shorts tried to cover on the bad news. Only those shorts that held on for 4 months are now breaking even. The next 4 months for Hexo don't look anything like the last 4 months for Aurora.