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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > shorts must be getting pretty nervous 30,000
View:
Post by Bajaman1 on Jan 21, 2022 11:16am

shorts must be getting pretty nervous 30,000

SETTLEMENT DATE SHORT INTEREST AVG. DAILY SHARE VOLUME DAYS TO COVER 12/31/2021 2,611,463 6,407,660 1 According to Nasdaq there are 2,611,463 shares that have one day to cover. I am assuming that todays action is directly related to shorts trying to cover. They are in a lot of deep schit. Has anybody noticed that it is predominantly the same houses trading shares back and forth, trying to manipulate the share price. Looks like the fail to deliver is going to get bigger on Fintel. As of now there are 30,000 shares available to short at 25% interest....run shortie run....Beachbum
Comment by wasitreallyok on Jan 21, 2022 11:29am
Beachbum - I have no idea or understanding on how shorting works. To cover do they need to just own some PYR shares or do these shares need to be a certain value on the date they need to cover. Thanks
Comment by TheShare on Jan 21, 2022 11:54am
That's a good question for MTG I hope he provides us with infos. Go PYR
Comment by PYRrocksLOL66 on Jan 21, 2022 11:57am
This post has been removed in accordance with Community Policy
Comment by MidtownGuy on Jan 21, 2022 1:33pm
That's not what that means. There is no pre-determined date by which a short has to cover. They can wait as long as they please and simply pay the cost to borrow fee up until they decide to cover. "Days to cover" means the theoretical number of days it would take for the shorts to cover their positions (aka buy back the shares) based on the avg daily volume of trades.  & ...more  
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