Silence before the storm Peter is aware that its stock is heavily shorted. So this silence is a good thing. He's preparing to take shorts by surprise. So next time you see the stock price go up, up, up, it will be shorts covering on a good news. And a torch order (36 from Vale) is probably around the corner, so are Drosrite awaited contracts.
Here's another excellent post from Midtownguy:
@MidtownGuy So I took a look at IIROC’s short sale trading activity (not the short positions, but the trade volumes), for Jan 1 to Jan 15. Some interesting info in there.
Of the approximately 3,220 Canadian equities tracked across all Canadian exchanges:
- 150 equities had between 30% and 39% of their trade volume as short sales
- 40 equities had between 39.5% and 44.9% of their trade volume as short sales
- 16 equities had between 45% and 49.9% of their trade volume as short sales (PYR is in this group)
- 14 equities had over 50% of their trade volume as short sales
Pyrogenesis, at 47.58% of all trade volume being short, was the 17th most shorted stock by volume during the period, out of more than 3200 tradeable equities.
Data and sources below:
Short Sales as a percentage of traded volume:
Metalore 39.60% Xebec 39.64 Riocan 39.92 Cargo jet 40.11 Mag Silver 40.12 K92 Mining 40.24 Choice Properties 40.25 Dirtt 40.54 Exchange Income Fund 40.60 Maple Leaf Foods 40.75 Rockhaven 40.84 RBC 41.34 Calibre Mining 41.61 Pembina 41.81 Brompton lifeco 42.01 Purpose Income Fund 42.01 Emera 42.04 RBC 42.08 Dream Real Estate 42.16 Peyto Exploration 42.20 Sierra Wireless 42.21 Horizon 42.34 Converge Technology 42.55 Manulife 42.58 Endeavour silver 42.59 Ignite International 42.67 Traction uranium 43.03 Minerva Intelligence 43.08 Orla Mining 43.36 TerrAscend 43.40 Seabridge Gold 43.41 Good food 43.44 CCL Industries 43.50 Silvercrest metals 44.26 TC energy 44.29 Alaris 44.37 Neighbourly pharmacy 44.50 Chronos Group 44.86 Tenaz Energy 44.88 Energy Fuels 44.96 Fortis 45.03 Lundin Gold 45.07 Big Banc 45.19 Innergex Renewable 45.51 Westaim 45.63 Fortis 45.88 Absolute Software 45.93 Canadian Utilities 45.98 Guardian Capital 46.12 Aya Gold 46.25 Alexco 46.77 First National Financial 46.85 BSR real estate 47.20 ** PYROGENESIS 47.58 ** Nomad Royalty 47.96 TC energy 49.08 RTG Mining 50.75 Inventus Mining 50.95 Altus Group 51.64 Skeena Resources 52.05 Black Diamond Group 52.39 Brompton lifeco 53.54 37 Capital 55.06 Industrial Alliance 57.48 Power Financial 58.86 Dental Corp 59.38 BCE 60.62 Emera 63.50 Torrent capital 81.15% Power Corp 83.3%SourceS:
https://www.iiroc.ca/sections/markets/reports-statistics-and-other-information/short-sale-trading-statistics-and-reports