RE:Fighting the Shorts
Anybody have an opinion on why the short position remains stubbornly high on ATH ?
The short position has run between 7 & 8 percent of float since I bought in Jan 2021. It was suggested at one point that the refi warrants attracted shorts but the warrants are all but paid out now, plus ATH has had an NCIB running for two years, just got a $200 million UNsecured line of credit to reduce their ongoing interest charges by three points, continue to grow production . . .
I just checked the Aug 15 iiroc report last week and the short position was just under 40 million shares and had actually grown by almost a million shares in the first 2 weeks of August.
ATH is about as derisked as you can get for an oily but shorts continue to make it one of their favourite sandboxes.
Anybody ?
glta
go ATH go