RE:Shorts up Yes SS, I just noticed this earlier today on CEO - almost 600,000 shorts, up from just a few thousand. I realize normally a 'shorter' wants/expects the price to go down so they can cover their short and make a profit.
But when the MC is already down to about $9-10M, doesn't that reasonably seem to make it pretty unlikely that the MC will go much lower, even if for some reason the 2022 results are not encouraging - simply put, I doubt the value of the various potential targets on MTS' land can get much lower than the present MC? Although when I think further about it, I realize when the SP is $0.16, each cent is a larger percentage than if the SP is $0.25 - and therefore has more impact if it moves a cent.
Frankly though, I wonder to myself if selling-short, in a situation like this, could more likely be part of a larger strategy to keep the SP down so the shorter can in fact buy far more shares at a lower price, because they really believe the price will be going up strongly in the longer term (based on good 2022 results), and they will also cover their shorts prior to that as well?
I'd be interested in your thoughts on this - thanks.
IMHO DYODD