Post by
UNBResearcher on Jun 27, 2024 11:10am
Short Interest in Ascot
I am familiar with short selling and read the associated monthly reports from the Globe and Mail. But I have not explored the actual data base covering short sales. I have about a 1% portfolio interest in Ascot, so I am not suffering terribly, but am intrigued by the steady fall in the stock price. As with many on this board I like gold, and have about 12% of my portfolio in four Canadian companies with nearly all of their operations in Canada.
Anyways as a retired economist I know the concept of short selling, and I read the Globe and Mail's monthly reports on short sales (written by Larry McDonald). That's all. So from the internet I found this report on Ascot:
https://fintel.io/ss/us/aotvf
I let readers judge the data. The graph at the bottom of the page says short interest in Ascot jumped up sharply just after the company's May 27 repor ton additional financing, and the first gold pour). The question is, of course, is why the Ascot-shorters suddenly attacked the company after the end of May. All the reports I've read say the gold pour and the extended financing are positive developments. It seems to me the project is proceeding as planned.