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Hank Payments Corp V.HANK

Alternate Symbol(s):  HNKPF

Hank Payments Corp. provides consumer fintech software-as-a-service (SaaS) and banking-as-a-service (BaaS) platforms that manage consumer cash flow and budgets on an automated basis using proprietary algorithms that collect, store and disburse cash as required to discharge obligations in a timely fashion. The Hank stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts (Partners) that allow those partners to operate new lines of business and revenue streams, using Hank. The Company houses the complex technology, banking, treasury, customer service, sales and operations teams that acquire and service consumers. The Company acquires users through various channels, including small to medium-sized enterprises (the SME Partners) and large enterprise businesses (the Enterprise Partners). It provides solutions for education, lenders, automotive, equity builders and fintechs.


TSXV:HANK - Post by User

Post by hintonkidon Feb 24, 2023 11:50am
135 Views
Post# 35303526

Change in short interest

Change in short interestI was just looking at some stats for HANK on Yahoo! Finance just to see if there were any signs that shareholders could be starting to see signs of a positive share price turn around.  In particular, my focus was on short interest in the stock and it looks like there might be signs of a thaw on the horizon on that front.  According to the stats just over 53,000 shars were shorted as of December 30, 2022.  As of February 15, 2023 shares shorted had declined to 8,000 shares.  The Yahoo! Finance stats are sourced through Morningstar.  HANK negotiators have been in talks with another party for a number of weeks now in regard to a licensing agreement in Canada.  Those talks are ongoing at the present time and Investor Relations has indicated that once negotiations have been concluded the company will have an announcement and will disclose details of the deal to investors and the market.  The way I read it, the fact that shorters are reducing their short positions strongly indicates that they don't want to get caught with their pants down if the company successfully executes on the licensing agreement and have to cover their short positions.  I am looking forward to a coming announcement.  Investors could use a little good news in this time of  market uncertaintly and volitility.  Wishing everyone good fortune and good buys.
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