It can also be useful to look at large changes in short positions over one- and three-month periods, especially if a large increase in the dollar value of short selling also represents a large percentage increase in the position. Some stocks on the tables with large jumps in short selling (greater than 50 per cent increase for 1 month or 75 per cent increase for 3 months) are: Agnico Eagle Mines, First Quantum Minerals , Royal Bank 

increase
 
, Bausch Health 
decrease
 
, Turquoise Hill Resources
decrease
 and Horizons S&P/TSX 60 ETF 
 
.

 

Largest one-month increases in short positions (30 days to Nov. 23/2022)

 
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COMPANY TICKER 1-MONTH CHANGE ($BILLIONS) 1-MONTH CHANGE (%)
Enbridge Inc ENB-T $1,464.7 25.5%
Royal Bank of Canada RY-T $1,326.9 36.1%
Bank of Montreal BMO-T $624.7 19.6%
Agnico Eagle Mines AEM-T $521.6 60.3%
Shopify Inc SHOP-T $485.0 24.3%
Manulife Financial MFC-T $452.3 24.2%
Tourmaline Oil Corp TOU-T $374.3 41.9%
Cenovus Energy CVE-T $289.7 20.4%
Sun Life Financial SLF-T $260.8 20.2%
Imperial Oil Ltd IMO-T $240.1 27.2%
First Quantum Minerals FM-T $227.3 55.1%
Lululemon Athletica LULU-Q $222.3 23.5%
Pembina Pipeline Corp PPL-T $196.5 15.6%
Restaurant Brands Intl QSR-T $193.2 24.5%
Telus Corp T-T $171.1 9.6%
Fortis Inc FTS-T $160.9 20.2%
Wheaton Precious Metals WPM-T $151.3 15.4%
Magna Intl MG-T $150.5 25.0%
Thomson Reuters Corp TRI-T $147.8 27.9%
Franco-Nevada Corp FNV-T $132.1 15.0%

Source: S3 Partners

Largest three-month increases in short positions (90 days to Nov. 23/2022)

 
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COMPANY TICKER 3-MONTH CHANGE ($BILLIONS)
Royal Bank of Canada RY-T $2,293.7
Bank of Montreal BMO-T $1,271.0
Agnico Eagle Mines AEM-T $734.0
Cenovus Energy CVE-T $718.0
Imperial Oil Ltd IMO-T $409.1
First Quantum Minerals FM-T $341.9
Tourmaline Oil Corp TOU-T $335.7
iShares S&P/TSX 60 ETF XIU-T $231.4
Bausch Health Cos Inc BHC-T $177.9
Restaurant Brands Intl QSR-T $171.9
Turquoise Hill Resources Ltd TRQ-T $117.6
Magna Intl MG-T $114.1
Teck Resources Ltd B TECK.B-T $109.9
Horizons S&P/TSX 60 ETF HXT-T $104.6
Wheaton Precious Metals WPM-T $104.2
Kinross Gold K-T $103.5
Intact Financial Corp IFC-T $102.8
Fortis Inc FTS-T $98.4
Element Fleet Management Corp EFN-T $97.3
Canopy Growth Corp WEED-T $85.1

Source: S3 Partners