RE:Air Canada Short Interest continues to fall from July dataDude do we seriously have to have this discussion again? AC currently has a higher percent of float shorted than all of the companies on your shortdata.ca page. That page showing the companies with 'largest short position' is getting the company list from CIRO's % float shorted report, which uses data only from self-reports from Canadian institution market participants. The vast majority of AC's shorting is done in the U.S. When you take North American numbers, sourced by S3 Partners, AC has the highest percent of float short of all small-large cap Canadian companies.
Proof:
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-short-sales-on-the-tsx-what-bearish-investors-are-betting-against-62/
Also I note from CIRO's separate short-trading report for 2nd half of Aug, AC had a higher % total traded value figure than several of the companies on the shortdata.ca page.
Bottom line is AC is heavily shorted right now and there will indeed need to be substantial covering.
Techsavy wrote: Short trade is finished. Those shorts that came to the party late have more risk than reward and will be the catalyst for the next leg up when pilots contract is negotiated.
AC fundamentals inproving month by month and value investors will be rewarded.
https://shortdata.ca/stock/AC.TO