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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s):  CLSPF | T.LFE.PR.B

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > Short position increased to FEB 15
View:
Post by mouserman on Feb 22, 2024 12:11pm

Short position increased to FEB 15

So obviously  shorties were thinking LFE was not going to make the big move up, and i would imagine the 49 cent jump on FEB 15 was a lot of short covering. I suspect the short position now is close to 0 , unless some of those ANON sellers today are shorting.
Short Positions for LFE
Symbol Report Date Volume Change Shares Issued % Float
T : LFE 2024-02-15 9,902 6,302 11,505,201 0.09
T : LFE 2024-01-31 3,600 -1,164 11,505,201 0.03
T : LFE 2024-01-15 4,764 1,220 11,505,201 0.04
T : LFE 2023-12-31 3,544 -14,533 11,505,201 0.03
T : LFE 2023-12-15 18,077 12,076 11,505,201 0.16
T : LFE 2023-11-30 6,001 -4,558 11,505,201 0.05
T : LFE 2023-11-15 10,559 2,007 11,505,201 0.09
T : LFE 2023-10-31 8,552 4,537 11,505,201 0.07
T : LFE 2023-10-15 4,015 281 11,505,201 0.03
T : LFE 2023-09-30 3,734 -26,589 11,505,201 0.03
T : LFE 2023-09-15 30,323 -1,414 11,505,201
Comment by navgod on Feb 27, 2024 1:50pm
h MM you seem to attribute a lot of moves to short selling or short covering where  it doesn't exist. Do you really think that covering  a short poition under 10K even if it did occur would have an influence on a day when total volume was over 300K?  Given your construction history maybe the saying -- when you are holding a hammer everything looks like a nail - is appropriate. : ...more  
Comment by mouserman on Feb 27, 2024 3:23pm
Short positions that are that small, dont affect the price movements at all. Just commenting on the past few weeks of trading. LFE is thinly traded and many times has big spreads. I suspect there may be some shortselling tomorrow tho. ( exdivvy date).. will see what the next report looks like.
Comment by mouserman on Feb 27, 2024 3:29pm
LFE has traded over 300K only once in the past year, and that was on the day it jumped 49 cents in one day... after it was reported tby Quadravest to be paying distributions. You believe most of those 9000 shares  shorted didnt cover there...? Very silly folks if that is what happened.