KLONDEX MINES LTD. T.KDX

KLDX Short Interest is Higher on Dec 15 Than 2 Weeks Prior

[Highwave]

Klondex Mines Ltd (NYSEAMERICAN:KLDX) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 19,877,369 shares, an increase of 10.5% from the November 30th total of 17,984,258 shares. Based on an average trading volume of 2,215,672 shares, the days-to-cover ratio is presently 9.0 days. Currently, 11.3% of the shares of the company are sold short

[Highwave]

Days to cover is probably 15 and not 9 due to large block trade on Dec 15 that skews volume numbers. I guess people don't believe in this Jan/Feb Gold rally. Maybe they don't believe in this company's ability to execute. I believe they should have done their homework. If KLDX delivers on production and guidance for 2018, I would expect a violent short squeeze moving the stock higher

[goldminer01]

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