Post by
llnorth on Apr 06, 2021 2:50pm
Not sure what it means but XBC shorts have increased
https://shortdata.ca/stock/xbc.v/
Comment by
Ciao on Apr 06, 2021 4:05pm
It means the stock was shorted mainly in advance of the actual earnings report (after the warning) and there will be a need to cover the short position esp. once the shorters realize the bottom has been hit.
Comment by
Ciao on Apr 06, 2021 8:38pm
Look at the average number of shares shorted per trade, works out to under 400 shares. That's not smart $. Smart money would have sold or shorted in Jan and Feb, not after the news was out. What advantage does one have if everyone has the same info?