West Fraser Timber Co Ltd T.WFG

Short 7.5% as of Feb. 15th

[lifeisgood1010]

On jan. 31st there was 2,122,472 shorted shares.
On Feb. this amount as increase quit a bit to 6,376,670.

total amount of shares outsatanding is 123,163,635.

If you deduct shares held by Brookfield(23,481,584),Jimmy Pattoson(8,914,900)and
The Ketcham (5,662,718).

The remaining float is 85,104,433.so if we assume that these 3 above shareholders are not sellers,then the % of share shorted as of Feb. 15th was 7.5%

While not stratospheric, it is starting to be high.

The more short, the better this is because eventually they will have to cover.

[Frost19]

Yeah thats great news that short is up, they all have to cover eventually :) WFG just annoucened buyback plan for 5% of shares also and they are sitting on a pile of cash.  Part of the merger agreement was for WFT and Norbord to hold onto all cash until merger was fully complete. I expect next quarter they will announce div increases or special div and buying back shares agressively

[lifeisgood1010]

For me, what's most amazing in this big increase in shorts it's the amount added( 4,254,198)versus the number of share traded in these 10 sessions. A dirt and rapide count gave me about 11 million share traded in these 10 sessions. So close to 40% of them were shorted.The high and low of the period was $79.00 and $94.65 It's impossible to know the average price of the