RE:5 years average close price PVG = 9.51 USD... and "Yes" the shorters are in covering mood. At least the smarter ones among them limit their long term losses:
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Pretium Resources (NYSE:PVG) Short Interest Data
Current Short Volume | 7,110,000 shares |
Previous Short Volume | 8,440,000 shares |
Change Vs. Previous Month | -15.76% |
These are the figures only from US markets.
Add the short figures from Canada markets for PVG, which are:
$PVG.TO | PRETIUM RESOURCES INC. J | 1,591,981 | 206,542 | 30 Sep 2021 |
$PVG.TO | PRETIUM RESOURCES INC. J | 1,385,439 | -426,457 | 15 Sep 2021 |
$PVG.TO | PRETIUM RESOURCES INC. J | 1,811,896 | -377,180 | 31 Aug 2021 |
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It is clear: the smarter shorters had started to limit their losses.
Remains the big majority of shorters who still have to cover 8 to 9 million PVG shares. The exit door for the shorters is narrow. The last shorters who will exit their failed short position will have to pay the highest prices ...
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source for the short figures USA:
https://www.marketbeat.com/stocks/NYSE/PVG/short-interest/ and for sort figures Canada:
https://ceo.ca/PVG Longs: Do not sell your PVG shares to the shorters. Squeeze them !