Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's... see more

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TSX:AC - Post Discussion

Air Canada > Shorts covering?

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Post by sunshine7 on Dec 07, 2023 2:33pm

Shorts covering?

Maybe triggered by crumbling short theisis (fuel costs, recession, inflation, interest rates)?

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Comment by sunshine7 on Dec 07, 2023 2:42pm

12% of float is short (9M shares). Could take a few days and dollars.

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Comment by JuIieRichards on Dec 07, 2023 3:10pm

Incorrect information. IIROC, November 30 update, 7.515 million shares shorted, that is a negligible 2.1% of float (358 million shares). Next update of CSPR (Consolidated Shorts Position Report) will be on December 15. Though there has been tonnes of bearish chatter, there has been very little serious effort put into taking on large shorts positions. Cuz the trolls don't even qualify ...more

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