OTCPK:KRCLF - Post by User
Post by
MaterialsManon Jun 20, 2024 8:48am
165 Views
Post# 36097522
Short interest
Short interestI'll admit from the get go that I dont know a lot about shorting stock other than the fact that some investors take a gamble that the stock price is going to go down. Personally I think it should be outlawed.
Regardless, I glance at the OTC Markets site occasionaly to check the spreads between the bid and ask on lightly traded stocks.
By scrolling down a little further, I noticed that the short interest numbers are published as well.
According to the table, the short interest in WGXRF has risen some 5 to 10 thousand % since the merger announcement to over 3 million shares.
In the meantime, the stock price is up on the Australian exchange to almost its high.
It would seem that the investors in WGXRF might be getting a little nervous. Maybe that's why the ask price is so high since holders of WGXRF may realize the situation.
I don't reallly know for sure if this situation may have some implications, but if someone out there that is familiar with how this shorting works, I would love to be clued in.
The short position in KRRGF has remained pretty constant for quite soom time at around 2 million shares.