RE:Shorts So it took about 900k shares to move the needle from $3.90 on the 16 th to $4.14 on the 23rd but
from the 24th to the 28th it only took 120k shares to bring it back to the $3.90's range.
I can't believe someone is dicking around with this given the minimal daily volumes - just hard to see how the profits could warrant the attention if you are in any way a slimy version of a Trader?
RBC were half the volume, but no trader there would be looking at minnows like this stock - they want to make that kind of money before lunch, not over the span of weeks.
Puma1back wrote: Interesting - short position has sat at about 200k for a long time.
but last 2 weeks of August it popped by 50% - just over 94,000 increase in shorts and stock price continued downtrending.
For the first 2 weeks of September the stock bottomed and has been up most of the trading days. The short position though jumped by 220,000 to over 500k total at September 15th.
this short of 220k happened when total volume for the days was only 600k. The shorting has to be across houses because only bmo had more than 220k in sales - and big chunks of the bmo sales were crosses as mentioned before.
total short is still minimal, but happening into an uprising price with an RSI getting into the upper edges.