Quarterhill Inc T.QTRH

Short Report.

[Tcad123]

Short Report 

• Feb 15, 2024

  Shares Shorted: 2,005,855
  Net Change: 3,288
• Jan 31, 2024

  Shares Shorted: 2,002,567
  Net Change: -102,493
• Jan 15, 2024

  Shares Shorted: 2,105,060
  Net Change: 79,568
• Dec 31, 2023

  Shares Shorted: 2,025,492
  Net Change: 2,059
• Dec 15, 2023

  Shares Shorted: 2,023,433
  Net Change: -53,439
• Nov 30, 2023

  Shares Shorted: 2,076,872
  Net Change: -286,068
• Nov 15, 2023

  Shares Shorted: 2,362,940
  Net Change: -196,797
• Oct 31, 2023

  Shares Shorted: 2,559,737
  Net Change: 71,198
• Oct 15, 2023

  Shares Shorted: 2,488,539
  Net Change: -38,105

[matt2018]

thanks for posting Tcad..... 2M shorts for company that trades minimal daily volume could get interesting if some great news were to be anounced in the upcoming quarterly report.

[Maxmoe]

I'd expect that entire short position is linked to the convertible debentures. Converts sound good to the board and the cfo when an investment banker shows up with 6% debt , $50 million, and way out of the money. But it's a mirage. There are always hedge funds that will buy those bonds for the yield and short the underlying number of common shares. Especially when the debs trade below par

[Maxmoe]

It's too bad those bonds are so illiquid. 91 bid sounds good but the offer side is 94.11. That $3+ spread eats up a lot of the "bonus" YTM from the discount value of the bonds. The 6% coupon ain't much but the 10%+ ytm only looks good in the tfsa.  I'll stick to the stock.