RE:Short interest 28 million??Until you can add up the ASK side to find 15 - 20 million shares (assuming some exited recently) then you are not seeing the top of where it can run to.
Giocatorei wrote: I saw mention of Hexo short interest of approximately 28 million shares. Is this correct?
If this is the case, we could see $2 by the end of October? With 30 % increase in sales generally and Hexo's increased market share plus all the new products Hexo is in a good position to break even in the July 31 Qtr. The 1 st q in 2021 which ends October 31 will be even better as Truss will be full production all qtr and Hexo stocking the 1000 plus stores with all its products. We should see profits. With the Canadian market at approximately $2 billion. Hexo's share should be close to 25% or $500 million for the 2021 ye. With those sales it will report a nice profit. So we could see $12 again by next year.
Molson's will be reporting its next qtr soon and it will disclose sales of Truss products. If the product has been flying off the shelves as we think on this board, it woud boost Hexo share price even more.
This will be sweet revenge, making the shorts pay for all their nasty posts - $2 before end of October or at least November. GO HEXO! Lets go Shorts!