Concordia Healthcare Corp. T.CXR.R

CXRX: April 15th short interest up...

[stayhumble1]

April 15:  5,891,385   (vs  4,203,933 on Mar. 31st)

Increase: 1,687,452 shares (approx 40.1%)

Short interest on Apr. 15th represents 14.4% of float and would take approximately 20 days at average volume, to cover.

https://www.wsj.com/mdc/public/page/2_3062-shtnasdaq_C-listing.html

[sunshine7]

Yikes! Of course that is just Nasdaq. Add to that the TXS and any naked shorts (which I know little about) and the fact that the available shares to purchase at these levels is just a fraction of total shares outstanding. The exit could get a little crowded:)

[gravedigger51]

Thank you for the info. Very exciting! That's great news. Much more at over 6 million than I had even thought. Probably still 4 million plus short. These shorts really got blind sided. They are betting on no deal until they cover but will take a while. Wow. Imagine an 80 dollar buyout this week or early next. I'm dreaming but would have two things to celebrate. Hey shorts, what company is

[dudsywow]

Short position is bigger than I expected; however, it makes sense given the share price action starting around April 14th. IMO, given the binary outcome of a deal, a short position is potentially very risky and they'll continue to cover.

[puma1]

for the 11th to the 14th on the TSX, cr@ppacord and GMP were net out almost 800k shares at about $CDN 32. cant see US trading but their volume spiked then as well