Post by
Techsavy on Jul 15, 2024 12:48pm
AC Short Interest falling
There's a completely misleading article from Bloomberg that indicates Shorts are attacking AC on the American side.... S3 Data and they will spin anything they can to front run a short trade
https://shortdata.ca/stock/AC.TO
Comment by
Nordico on Jul 15, 2024 1:54pm
Well, there was still over a third of all June trade volume being short sales, so it's pretty significant. And I love to bet on undervalued, heavily shorted companies so I'm happy to see it. That's a lot of covering to occur over the next 4 months as the SP surges.
Comment by
thinkyourmoney on Jul 15, 2024 9:35pm
I saw that or a similar fake news article citing Bloomberg and Morningside as supporters of the short trade rationalization on AC stock. No doubt, the only way to make money on AC stock since 2019 has been to use the over abundance of AC stock to borrow it and sell it short without ever owning it. There will be a moment when that won't work.