Reconnaissance Energy (Africa) Ltd V.RECO

Kentucky Fried Shorts: 30,982,053 (shorts in PANIC.....)

[Hiddensecrets]

The short position in RECO is 30,982,053 shares as of June 16, 2021 per shortdata.ca

https://shortdata.ca/largest-short-positions

It is the hihger short position on the TSX venture.

Do you know which other companies had the highest short positions:

GME (Game stop) went from $ 3 per share to about $ 500 per share

AMC went from $ 3 per share to $ 72 per share.

Shorts were eaten up like Kentucky fired chicken in those two companies.

As we approach July 2021, towards BLOCKBUSTER RESULTS, I expect that those 30,082,053 shorts are gonna start to panic in being unable to cover themselves. 

They are already sitting on millions of $$$ in losses. 

If RECO hits $ 72 per share as the Montreal analyst predicts shorts will have a loss of $ 2.1 billion on RECO.

Lets fry these shorts.

Note:  And these 30,982,053 shorts probably does not even have the illegal naked shorts.   In one word, the short position in RECO is MONSTROUS. 

mpo

[Dumpinvestor]

So..we should hold on to our shares... sell only if it hits 70 cad

[MrVerbatim9800]

No, I suspect this would be at least the size of GameStop. $300-$600 range at peak if the shorts get hit hard. And they will. RECO and its shareholders aren't f*ucking around here. The majority of share owners

[bossofthemoss]

I'm a little confused on the short position of RECO.  I've seen data that says it's only 1% and now you're saying it's 31 million shares.  Something must not be right here as I just can't believe there's that many uncovered shares short.   That is somewhere in the neighbourhood of 20% and I just don't feel that's right.  That doesn't

[bidoux67]

I agree.

[Hiddensecrets]

Largest short positions - Shortdata.ca   https://shortdata.ca/largest-short-positions 1/10 SYMBOL RECO COMPANY NAME RECONNAISSANCE ENERGY AFRICA LTD. 17 MAY 2021 30,982,053 03 MAY 2021 28,481,101 NET CHANGE 2,500,952 % CHANGE 8.07 % TOTAL TRADED VALUE 27.44 mpo

[bossofthemoss]

Thanks for that but when I look at Ortex they show a "%of free float on loan" figure at 1.31% which to me just seems to make more sense.   Oh well, I'll try to get this figured out as, in my own "logical" head, I just don't believe we're at that high of a number.

[peterj99]

the 30 million number is the value of the short trades NOT the number. That's my take. June 16 on shortdata shows 3 million plus on short trades (short traded volume) https://shortdata.ca/stock/reco.V/