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Medipharm Labs Corp T.LABS

Alternate Symbol(s):  MEDIF

MediPharm Labs Corp. is a Canada-based full-service pharmaceutical company. The Company specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API) and advanced derivative products. Through its wholesale and white label platforms, the Company formulates, develops (including through sensory testing), processes, packages and distributes cannabis extracts and advanced cannabinoid-based products to domestic and international markets. It also provides GMP flower sourcing, packaging, and distribution services for select international clients. In addition, it cultivates cannabis to sell as dried flower, pre-roll and other cannabis products for the adult use and medical markets. It also sells metered dose inhalers and aerosol sublingual sprays. Through Harvest Medicine, it provides clinic services to Canadian patients requiring medical cannabis education and prescriptions.


TSX:LABS - Post by User

Comment by Redwine12345on May 21, 2021 11:22am
267 Views
Post# 33247834

RE:RE:What are short positions on labs

RE:RE:What are short positions on labsThanks Iscfa. Still it is a very useful information from perspective of yesterday trading. Yesterday price went up 5 cents. and it looks like there was too many buyers rushing in to buy shares. My gut feeling is that some shorts were covering their positions and some buyers were increasing their long positions. If this is the case, then there is some uncertainty in shorts ranks. They are no longer willing to take chance in their long position. Why? They see that this company has value and realize that market is taking it too far into oversold territory. I checked LABS RSI and it was in oversold territory. Yesterday trade moved it out of oversold territory. Looks good to me now. I understand that there still will be some pressure to push it lower back in oversold territory. But from technical perspective oversold means oversold. Good luck to you shorts, But I am betting on long blue sky ahead of us.
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