NEWALTA CORPORATION T.NAL

Short interest at 1.7MM shares, provides solid tailwind

[compsys68]

Covering of 600K, that caused the BIG jump into the 2.20 range but there is still 1.7MM short. Everything looks good as far as Q4 guidance being in line. Hiring in the USA is ongoing (as per google job search) 2017 is going to be a better year, hoping to see 3-5 range for this under loved stock. Largest holder Letko, Brosseau with 19.6% of the shares are a very bullish bunch as they just added in another 2.5 MM shares on NOV 30th Short info below. T : NAL 2016-12-15 1,744,011 -673,832 88,148,148 1.98

[compsys68]

Very small cover of 65K shares, so the LARGE 1.65MM short position is still out there. I wonder if we hit 3.00 / share if they will cover, as the short DCA is about 1.85

[compsys68]

Short interest down another 210K to 1.4MM shares, still a lot to handle, with Letko holding 19.6% of the company i'm wondering when they might increase past the 20%. I don't think they will do a take over, but they should add to the position. I have tracked most of the purchases but there is still about 6MM shares I cant figure out their DCA on Does anyone know where I can find that

[compsys68]

Someone is covering today, and if they are not there going to have to soon. Latest short figures as of Jan 15 -2017 showed a outstanding position of 1.480,689 decrease of 210K if the shorter is DCA at 1.7-1.8 i think they are in real troubble now.  Think aobut where we are going to be when oil breaks through 55 next month.  I wouldn't want to be holding a short on this..... GO NAL

[robbie80]

Thanks for your input. Newalta is hiring, 14 positions posted in a month.  https://career8.successfactors.com/career?company=C0000214997P&career_ns=job_listing_summary&navBarLevel=JOB_SEARCH&_s.crb=O48%2bI08ap4ODBT72DU3LzserfUw%3d