GREY:XEBEQ - Post by User
Comment by
Ciaoon Jan 05, 2022 10:03pm
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Post# 34287798
RE:RE:Obviously The Shorters/Manipulators Still Have The Algorithm
RE:RE:Obviously The Shorters/Manipulators Still Have The AlgorithmI recall the incessant red days in November and believed that the stock was being manipulated. It was a frustrating time for retail holders. The shorts want to keep the share price depressed as it's in their best interest. The can do so by hitting the ask or putting up small walls of shares to hold off from covering 8M shares with a small amount of capital. That's leverage.
The short poslition we see on XEBEF on OTCQX could be that smoking gun that manipulation has been occuring.
Ciao wrote: A short position that takes more than 10 days to cover is considered high. 30 - 50 days is extremely high and short covering puts a lot of upward pressure on the stock. The shorts defnitely want to avoid covering a large 3.8M short position for a stock trading with daily volumes of 50 to 120K.
| DATE | SHORT INTEREST | % CHANGE | AVG. DAILY SHARE VOL | DAYS TO COVER | SPLIT | NEW ISSUE |
| 12/15/2021 | 3,823,925 | 9.70 | 122,529 | 31.21 | No | No |
| 11/30/2021 | 3,485,693 | -10.51 | 70,125 | 49.71 | No | No |
| 11/15/2021 | 3,895,146 | 13.91 | 121,999 | 31.93 | No | No |
| 10/29/2021 | 3,419,635 | 7.71 | 48,612 | 70.35 | No | No |
| 10/15/2021 | 3,174,899 | 36.27 | 57,880 | 54.85 | No | No |