20 million shares sold short at least 99% of Canadians do not know this and that is why some rogue American funds are abusing Canadians. This stock is traded in eleven different exchanges and short sellers are abusing the situation to muddy the waters and hide behind all the exchanges and between borders.
The stock is traded in ELEVEN different exchanges :
TSX_OMEGA_PURE_Chi-X_CX2_CXD_TriAct_Lynx & over the counter in the US as CJREF
There are about 8 million shares sold short on the TSX, about 2 million shares in the US and at least 10 million shares in all the other 9 exchanges combined. When you consider that most of the short selling is done through options and other derivatives (futures, contracts for difference..) 20 million is a conservative estimate given that short sellers try to fly under the radar and some brokers might not mark the trades correctly. Some studies have said that up to 80% of all trades are just wash trades meant to mislead and deceive shareholders into making a bad move. Short sellers are not your friends. They want your money without giving you anything in return