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Bullboard - Stock Discussion Forum Tinley Beverage Company Inc C.TNY

Alternate Symbol(s):  TNYBF

The Tinley Beverage Company Inc., together with its subsidiaries, manufactures a line of non-alcoholic, cannabis-infused beverages for use in California, United States and in Ontario, Canada. The Company also manufactures cannabis-infused beverages for contract manufacturing clients. It offers terpene and cannabis-infused non-alcoholic Tinley's '27 and Tinley's Tonics products, for distribution... see more

CSE:TNY - Post Discussion

Tinley Beverage Company Inc > short squeoze?
View:
Post by Cuckold on Aug 12, 2021 7:38pm

short squeoze?

Short interest info from: https://fintel.io/ss/ca/tny

Short Interest as of June 15, 2021: 2,774,247 shares short

(We're now in August so this is very delayed information, so it is likely the short interest could be even higher now - since the share price has continued to drop)


179K - average daily volume - according to 
https://www.marketwatch.com/investing/stock/tny?countrycode=ca

2,774,247 / 179,000 = 15.49 Days to cover
Comment by cosinus180 on Aug 12, 2021 7:43pm
This post has been removed in accordance with Community Policy
Comment by Cuckold on Aug 12, 2021 7:48pm
Hi bart, The post has all the info needed.  There are 2.7M shares short as of June, and 180K average volume.  So if shorters were to cover (lets say, good news comes out), then it would take them 15.5 days at this volume to cover. In a scenario like that, there would already be increased buying pressure due to natural interest in the stock.  Add on the shorts covering and the ...more  
Comment by cosinus180 on Aug 12, 2021 8:25pm
This post has been removed in accordance with Community Policy
Comment by scotianbot on Aug 12, 2021 8:32pm
This post has been removed in accordance with Community Policy