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FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Comment by Ciaoon Feb 23, 2022 10:44pm
153 Views
Post# 34456400

RE:RE:Short interest, naked shorting to distort the share price?

RE:RE:Short interest, naked shorting to distort the share price?Tony, there is no doubt that XBC's share price declined based on company specific issues (on missed 2020 guidance and other revisions) and the overall cleantech market correction. The extra push into deep value territory IMHO is the work of manipulative shorters.  I've mentioned short interest a few times and the shorters want to protect their large short position (esp. killing any rallies).  It's not too hard in this market environment to spook sellers with additional short selling by hitting the bids and or large sell orders.

Some of us believed they would start covering their short position after Q3 / tax loss selling, but they haven't. The current environment of fear favors them. However, some of us like yourself understand compelling risk / reward and are stepping up to support the stock. Hopefully fund managers will do the same and may be more inclined after Q4.

tony08 wrote: Very interesting Ciao

This morning i posted on the reasons why the share price is so low, saying it was not just because of shorters.....

I must admit that i did'nt know nothing about "naked" shorting......


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