Vultures Still Circling!Here's the latest FINTEL report on VGCX shares available for shorting.
VGCX Victoria Gold Corp Stock - Share Price, Short Interest, Short Squeeze, Borrow Rates (TSE) (fintel.io) VITFF Victoria Gold Corp Stock - Share Price, Short Interest, Short Squeeze, Borrow Rates (OTC) (fintel.io) Note that one day ago there were 1,200,000 shares available for shorting then 7 hours ago availability was down to a mere 6,000 shares suggesting to me that some entity/entities were preparing to heavily short VGCX if the shares were to spike higher. VGCX share technicals are indicating that VGCX could soon be entering a new uptrend and a share price pop is possible so it makes sense the shorters would want to take advantage of that and short the stock as soon as they made their profit on the upside.
It appears that since we didn't get a share price pop this morning, the borrower(s) returned 444,000 shares now making 450,000 shares available for shorting. But there's still 750,000 shares borrowed as of this moment for shorting so the Vultures are Still Circling!
As I've mentioned in previous posts, the time stamp in the report is out of sinc with Alberta time and from what I can tell the time stamp seems to imply the borrowing is occurring in the UK or other Europe region.
Is it the Fidelity Mutual Fund Gold Portfolio I mentioned in my post yesterday? Perhaps, they seem to be the most active trader in the past few months from what I can tell but with nearly 40 institutional investors owning this stock it could be a combination of entities.
Unless we get some positive news out of the company, any pop in share price will likely be short lived as long as the shorters keep circling.
My opinion only, please DYODD.
HB77