WELL Health Technologies Corp T.WELL

Interesting

[retiredcf]

Is Well Health Technologies the most manipulated stock in the Canadian market? I use Wealthsimple for several accounts and activated their "stock lending" option where they give you a yield on borrowing your shares. Their example target is 4.5% for shares borrowed. I could see the short attack on Well beginning like clockwork, 1 week before last quarterly release, as my shares were lent out more each day. I started getting 6% yield and that was ok. But that went down more and more with each "short", until I was loaning out all my shares for a measly 0.2%. I contacted the brokerage multiple times and they stated "market demand" and "fluctuations". Clearly 0.2% was not part of the deal and certainly not worth the risk. I obviously canceled this borrowing feature. What is this trickery? They are literally giving away shares to shorters as a means to suppress the share price. This has ONLY occured with Well:ca. How do they get away with it?

It is difficult to extrapolate on a single stock at a single broker. With any broker than shares its lending fees (such as WealthSimple) there is going to be more available stock, and with more supply short rates are going to decline. Other brokers may have less supply and higher rates. The short interest in Canada is 1.77% and in the US only 0.79%. We would not consider these amounts really significant enough to cause high lending rates. While no doubt some shady stuff occurs in the industry, we would not simply assume it is commonplace on single data points. (5iResearch)

 

[Yanner911]

Short seller are keeping the price low rn. https://shortdata.ca/stock/WELL.TO

[SunsetGrill]

Scheech - if you listen to everyone in this forum - everystock on the TSX is manipulated down by short sellers. The simple fact is very few are.

[Yanner911]

Low liquidity plus 6.5 million shorted shares.Yeah it makes a big difference

[SunsetGrill]

Lol - low liquidity and 231 million shares long - so why is it never ever  "manipulated" up ?? Its :greatly overstated in thes forums. 

[Yanner911]

Liquidity has nothing to do with 231 millions shares long. It juste means a small amout buy or sell change the price significantly. So if 33% of the volume is shorted the price tend to drop. 

[SunsetGrill]

What? you cant suck and blow at the same time. Soooo using your exact argument, then, liguidity has nothing to do with 6.5 Million shares short. It just means a small amount buy or sell change the price significantly. So if 66% of the volumes are long the price should go up.  why is the stock never ever manipulated up????

[Yanner911]

I'm confused. Are you new to investing? Short selling is selling a share you don't own. Big difference from selling a share you own. I need to get out of these chat board lmao.

[Yanner911]

Here's a simple exemple. If the volume is 10 000 000 with no short selling it means that 10 000 000 shares were sold and bought. Depending on the liquidity it might go up or down. For high liquidity stock it can stay the same price. Add 33% of short selling so 3 333 333 are sold plus 6 666 666 bought and sold. So way more selling than buying. Again it might not go down even if theres more

[SunsetGrill]

Gee - thanks so much for dumming it down, and back to my original post. According to you and everyone else on this board in every discussion  -  EVERY stock on the TSX is being manipulated down by short sellers every day every sector 365 days a year. The simple fact is that, this is simply not the case. I need to get out of this chatboard lmfao