Baytex Energy Corp T.BTE

STILL A MASSIVE 21.5+ MILLION SHARES SHORTS!!!

[BayStreetWolfTO]

Shorts jumping on WTI fluctuation...longs have benefited all year and will continue to....this is a process.

THEY ARE SCRAMBLING!!!! THE SMART ONES ARE COVERING WITH ONLY 7 DAYS BEFORE Q3!

THE REST ARE IN BIG TROUBLE!!!!

This is amazing news for another share price run and some great torque!

Average short traded price $3.15....deep in red and urgency to cover growing!

Wait for Q3/Q4 results!!! As I have said in the past the shorts are helping provide great price torque....I would not want to be short with results coming soon!

Short position Aug 31 - 22,186,348

Short position Sep 15 - 22,380,069

Short position Sep 30 - 23,046,469

Short position Oct 15 - 21,603,070

REFERENCE:
https://www.iiroc.ca/sections/markets/reports-statistics-and-other-information/short-sale-trading-statistics-and-reports


Wow!

7 DAYS TO Q3 TICK TOCK!

[Letsgo14]

When someone shorts a stock, how long do they have to cover? thanks

[Wildfury]

There's no time limit when shorting, basically you're betting a stock will drop, eg, you short BTE at $4.19, then it goes down to say $3.00, then you're up $1.19 so you want to take your profit and cover. It could keep going down then you hang on for more. On the other hand, if you short BTE at $4.19 then it rises to $6.00, you're losing $1.81 per share so the higher it goes the

[Konaboy]

And then the borrow cost, and if applicable, the dividend

[masfortuna]

Well those shorts are like nitro. If this thing pops in a big way (10-15%) they will run for cover which will carry forward to that pop. That could mean a $1+ sp change in short order.

[dandu1924]

Usualy  you must have in your account 150% of the short amount you sold ex:  you did sell 100,000$ of shares, you must have in your account 150%= $150,000 to cover because if the stock is going up you will have to buy  to cover. 

[MoreCarbon]

Did the government ever crack down on naked short selling? Apparently it was pretty easy to do in Canada and bs if they get away with it.

[Relaxrelax]

No, nothing has been done.  Canadian regulators have been looking into it for years but are totally useless.  Not sure what they actually get paid to do?  Anyhow,  I don't really see any problem one way or the other when you're talking about 25 million short shares when BTE has 564 million shares outstanding.  That's like less than 5%.....really not much.

[red2000]

Recent short activity Security Issue Name Ticker Exchange  Nbr.  Shares Shorted   Net Change   %UP   Out. Sh.  % Out Sh. Low Price / Sh. High Price / Sh.  AS of   Diff. H-L %diff/L

[masfortuna]

It's not a "problem". It's a positive if you expect the energy bull market to continue as these shares would eventually need to be covered. The posters were suggesting that they will be covered at a higher sp further pushing up the sp. Mas

[Relaxrelax]

Easy, what I'm saying is that this short is basically 5% of the float.  We don't need to be headline explanation point pumping with this stuff.  There are enough positives driving this and other oil stocks. EOM