Aecon Group Inc T.ARE

Short interest on the TSX

[Gabriel]

https://www.iiroc.ca/sites/default/files/epubs/SSALE/20231216-20231231_ShortSaleTradingSummaryReport.csv?1704103513

About a third of all sales on Aecon in December were short sales, i.e. sellers selling Aecon without owning the shares. About 1,080,000 shares short on the TSX. 


Add 741,000 on the OTM US, totals 1,820,000 shares (3% of all shares) or about 7 days to cover based on 259,000 shares traded daily on average.

So if smart institutions, funds and private investors control 70% of the shares and do not sell below 20-25$, then those 3% short sellers will be chasing the 30% retail float. 

As we get closer, every working day, to the end of the LSTK saga, institutions will wither initiate or increase their positions as the case may be. At the same time and as the stock will climb fast, shorts will run to cover and we will see the stock move up, hopefully above 18$ by year end.

[Alexcanada]

Indeed, there's no reason that we do not surpass the peak in sp of 2021. 20$ is doable and I'm not selling a single share until the high teens. Best wishes for the New Year from the VII !

[Gabriel]

Happy new year Alex. So you are in the 7th. Lucky man. There is so much to do in that city. Enjoy every moment. What a good way to start the year. Humid though. You need good shoes.

[Henrye]

Firstly Gabriel , allow me to wish you a happy and healthy new year,, Wow, your analysis is very brilliant! Very educational, and unique! Truly appreciate your communication! Likewise no doubt we both congratulate John Beck for the prestigious inclusion into Order Of Ontario! He really deserves it as he now with his team transforms Aecon into New Aecon with new level of excellence and on a path to

[Gabriel]

Happy and healthy new year to you too and all the distinguished posters on this board. Thank you for all your posts. He definitely deserves it and more for building such a magnificent company as i had the chance to tell him lately.