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Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

TSX:BNK - Post Discussion

Big Banc Split Corp > Curious, Why did BNK have over
View:
Post by lefmike on Apr 11, 2016 9:32pm

Curious, Why did BNK have over

the past 4 weeks have such a significant SHORT POSITION increase
I'm now thinking of not waiting and getting out in the next week.  Something just
doesn;t sound right anymore....


Largest Short Position Increases 2016.03.15 - 2016.03.31
Company Security Symbol 2016.03.31 2016.03.15 Net Change
Lake Shore Gold Corp com LSG 23,988,745 14,157,284 9,831,461
Kinross Gold Corp com K 47,333,313 40,924,673 6,408,640
Pac Expl & Prodtn Corp com PRE 17,027,176 11,676,550 5,350,626
TransCanada Corp com TRP 38,268,333 34,082,866 4,185,467
Titan Medical Inc com TMD 6,779,166 2,899,162 3,880,004
BMO S&P 500 Index ETF CAD unit ZSP 3,634,279 242,910 3,391,369
Power Corp of Canada com POW 23,693,699 20,603,972 3,089,727
Detour Gold Corp com DGC 9,306,205 6,779,038 2,527,167
BMO S&P/TSX Eq Wght Banks CAD unit ZEB 5,825,500 3,338,875 2,486,625
Parex Resources Inc com PXT 4,307,766 1,909,430 2,398,336
ARC Resources Ltd com ARX 14,886,651 12,696,154 2,190,497
Bankers Petroleum Ltd com BNK 9,847,673 7,764,109 2,083,564
Comment by needwisdom on Apr 12, 2016 12:47am
I wonder who knows the company better than its CEO who bought shares!
Comment by LongRoad on Apr 12, 2016 7:36am
You have to assess this data relative to the amount of shares outstanding. At 3.7% is it really significant?
Comment by MrBigger on Apr 12, 2016 8:39am
Ask the Detour Gold shorts how that's working for them! LOL
Comment by ChupacabraBueno on Apr 12, 2016 1:39pm
Great question lefmike. Is this shares only - not put options? I could well imagine someone buying shares & put options as insurance against the deal falling through. Where did you look this up? -Thanks & GLTA!
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