TSX:ARIS - Post Discussion
Post by
tobinator01 on Mar 26, 2024 2:50pm
Aris Shorts Digging in their Heels
I decided today to check out the short interest for Aris in Canada and the US. Short volume is the highest in a year in Canada. The US ticker ARMN is new but it shows a robust level of 700,000 shares short. Between the two exchanges, the short interest is around 3 million shares. That may not sound like much but when you put it into daily trading volume persepective, that is 10 days of trading.
Yesterday I mentioned the stock needing a spark to get through $4.70 resistance. With the relative high level of short interest, a spark should cause a decent sized squeeze. The additional problem for shorts is surpassing 4.70 is a new 52 week high. Trading platforms focus in and buy into 52 week highs. Could get interesting. Come on Old Yeller, best $2200 so we can disgorge fat Aris Mining shorts of their profits over the past few years.
Aris Mining Short Data US Symbol ARMN Short Data
Be the first to comment on this post