Sienna Senior Living Inc T.SIA

Shorts up by 291k to 1.77 Million as of Mar. 31

[joebravo]

I'm not sure why there's so many shorts and they numbers are increasing.

AFFO is enough to cover dividend although earnings have suffered due to increasing costs.

Anyone concerned that the dividend may be cut?  

I know this is a thinly traded stock, but the trading as of late is concerning, albeit, if Sienna can get their costs in order, and if the Fed and Prov governments offer more assistance for LTC, those shorts may just get burned.

Any thoughts?  Thanks

[BlueJay2020]

No, not worried. There is going to be a catch up on government  funding and longer term drivers are positive.

[AmorFatiforlife]

I've been in the company since 2018 and have seen this question asked many times. If they didn't cut divs during the pandemic when opex costs were out of control and they were at war with the Ontario government playing the blame game, I highly highly doubt they will cut their divs now with consistent increasing occupancy. This management team knows what they are doing. I see more

[joebravo]

Good post.  I think that if any positive newsflow comes from the company that we may experience a short squeeze I for one am putting up my shares for sale at a higher price ($12) so that they cannot be borrowed by the short sellers. If everyone does this, we can do our part in not allowing the shorts to put anymore selling pressure on the stock. Looking forward to the announcement middle of

[joebravo]

Not sure, but I'm starting to smell something!

[dogatcat]

I am glad to see there are others doing this as well.  I have mine up for sale at $13.  If you do this, it will limit the short interest in this stock.  

[joebravo]

I was looking through the past 6 yrs of history related to shorts and, they seem to average close to 1 million.   They've been close to zero May - June 2018 and as high as 2.5 million Mar. 2020.   So, I don't see a short squeeze here, but if investors put up their shares at higher prices, it can slow down the selling pressure as shorts cannot borrow shares that are