Post by
argaiv on Apr 09, 2022 11:21am
Regarding Short Position
The size of the position seems relatively small based on the number of shares outstanding. If the new wells have not even been drilled yet, and someone knows how to evaluate what the fair market value for the stock is then shorting on a short term runup might be a good way to make a short term profit while the market waits for results on the new gas wells.
On what excahnge are these shares shorted. I am surprised you can short a penny stock.
Comment by
biffbifford on Apr 10, 2022 6:05pm
Canadian Exchange. The amount is nominal considering the size of the float, but consider if you consider the average of shares traded per day.