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Bullboard - Stock Discussion Forum Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > Short position is down to 11Mil
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Post by smallcaptdr on Aug 17, 2022 4:39pm

Short position is down to 11Mil

We could be seeing shorts starting to cover their positions and that will always add to the volume the next short update should be out any day so expect to see 11Mil or 2.30% of the float change to a lower number.
Comment by Contrarian55 on Aug 17, 2022 9:10pm
that's only the public float.  STZ had 38%.  Pretty sad if STZ didn't short this down or lend their shares so they could scoop up those cheap shares.  Otherwise it means everyone sold, as one does with a bloated non profitable co with actually bad weed.  Quite the rally this last month.  Of course though, if one had been naked shorting, which got banned today in ...more  
Comment by Rotaluceps on Aug 17, 2022 9:11pm
As the price goes up, it becomes more interesting to short. 
Comment by quinlash on Aug 17, 2022 9:34pm
The market is primiarly based on Long Positions where investors and traders pick up shares with the expectation of selling them later at a higher price.  A reduction in the Short Position can be viewed as a positive for a stock as the "negative bets" are being withdrawn in antispation of better prices going forward. I highly suggest anyone reading forums to understand what a short ...more  
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