Concordia Healthcare Corp. T.CXR.R

Comparing short positions CXR and CXRX

[PROtrading]

The short position on CXR is relatively low but doubled by mid  August

Short Positions for CXR

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : CXR	2016-08-15	1,784,127	1,073,745	51,017,004	3.50
T : CXR	2016-07-31	710,382	-73,486	51,017,004	1.39
T : CXR	2016-07-15	783,868	428,490	51,017,004	1.54
T : CXR	2016-06-30	355,378	-395,617	51,017,004	0.70

Short position on CXRX is impressive!  12.5M shares. Keep watching he volumes on CXRX! 
At 2M in volume, "just" 6 days to cover. but volume is dropping and if the shorties get too greedy at 30% of shares shorted...

If you own CXRX, put it up for sale with an ask price of $30.  It won't sell but will put pressures on the shorties, I can't see there being a lot of shares available to short on CXRX!

Settlement Date

	Short Interest	Avg Daily Share Volume	Days To Cover
8/15/2016	12,590,739	2,069,978	6.082547
7/29/2016	12,251,942	237,144	51.664567
7/15/2016	12,569,319	195,509	64.290232
6/30/2016	11,968,532	410,540	29.153145
6/15/2016	12,139,223	1,263,327	9.608932
5/31/2016	10,298,513	604,141	17.046539
5/13/2016	9,896,970	565,725	17.494313
4/29/2016	6,917,893	900,394	7.683184
4/15/2016	5,891,385	291,520	20.209197
3/31/2016	4,203,933	525,633	7.997848
3/15/2016	3,030,838	200,671	15.103518
2/29/2016	2,854,146	200,987	14.200650
2/12/2016	2,820,026	229,220	12.302705
1/29/2016	2,309,264	273,788	8.434497
1/15/2016	1,775,039	317,146	5.596914
12/31/2015	1,575,239	273,535	5.758821
12/15/2015	1,296,553	185,460	6.991012
11/30/2015	1,451,399	208,348	6.966225
11/13/2015	986,034	347,860	2.834571
10/30/2015	758,873	870,965	1.000000

[puma1]

What I think is interesting is how little the short interest changed post Brexit. Since they had not anticipated it in advance when shorting, the only logical conclusion is that Brexit has in fact been a minor issue. It also seems reasonable to infer that the PE guys also wouldn't see Brexit as a deal breaker.

[LaticelnExile]

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[PROtrading]

And she would know, she's part of it!  The short thesis is 100% on health M&A plays and price gouging.  One of the leaders of this US Hedge Fund attack is under SEC investigation. Unless Angie and chicken friends pull out more ammo, all I hear is clicking right now LOL  Or maybe I hear clucking?  LOL  ;-) 

[puma1]

Oh come on Lettuce, u can read. I was drawing conclusions from a Post Brexit world. In my comment I sort of noted in rather plain English what u so quickly step up with in your " get paid by post".

[LaticelnExile]

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[puma1]

Sorry, assumed u could read: so have someone read my last sentence out loud to u Lettuce. That WAS the point of the observation.

[Craigbad]

Everyone thought the shorts were crazy to be shorting at the $30-35 level and people were talking about what great value it was. Here we are in the $11s and the shorts are planning on riding it to $0. The well respected ceo of Knight Therapeudics expected there was going to be some fire sale assets to buy cheaply early next year as conveyed on a recent conference call. One can assume Concordias

[LuckyLuke1]

Well, this stock is holding good. Shorts must be in Holiday because q3 results will be stellar. I like the fact that the co splitted the stock in three because the stock is more liquid. Now I gotta go because there is some liquid waiting for me.

[LaticelnExile]

This post has been removed in accordance with Community Policy

[LaticelnExile]

This post has been removed in accordance with Community Policy