Reconnaissance Energy (Africa) Ltd V.RECO

Short Positions

[curious14]

Short Positions for RECO

Symbol	Report Date	Volume	Change	Shares Issued	% Float
V : RECO	2021-05-15	2,542,876	2,341,335	156,808,071	1.62
V : RECO	2021-04-30	201,541	99,355	154,168,928	0.13
V : RECO	2021-04-15	102,186	32,389	154,168,928	0.07
V : RECO	2021-03-31	69,797	-2,380,454	68,579,500	0.10
V : RECO	2021-03-15	2,450,251	443,929	146,863,032	1.67
V : RECO	2021-02-28	2,006,322	211,987	130,917,056	1.53
V : RECO	2021-02-15	1,794,335	-537,488	130,917,056	1.37

c14

[GorgeousGeorge1]

Compare that with the entire Canadian E&P sector and under 2% short is below average

[derpa]

How does one reconcile the very low short interest in Canada with the US where over half the trades are on the short side. Is that due to arbitrage btw. the 2 markets? Would like to know. https://www.otcshortreport.com/company/RECAF

[GorgeousGeorge1]

The two are independent indicators. One is a percentage of the total outstanding shares, the other is a percentage of volume over a time period. Under 2% short of outstanding shares is not unusual.

[derpa]

I agree with what you say but don't you find 50-70% of daily volume in the US on the short side as excessive?

[Crunch5555]

I have seen this a plenty when a PP is done and its oversubscribed.In this case it was mentioned that there was appetite for up to 70million and when a group wants more than they can get through a PP the method is to short it to shake out retail holders.So the only one game here is to stuff them at their game and continue adding not seloung to them.

[GorgeousGeorge1]

The daily volume has been very low lately. Obviously when there's a lack of buyers short interest (vs long) volume increases and you'll get a high read as a percentage of daily volume, it's just trading the volatility. A better read is short interest as a % of shares on issue. If it gets north of 5% then that would be a concern, that's not traders