Post by
Ciao on Apr 26, 2022 7:57pm
Short position, OTC numbers are out
For the 2 weeks ending April 15 (during this time we had the $143M SCS contract annoucement on Tuesday April 12):
OTC short position numbers show a net decrease of 263K to 4,303,028
TSX short position increased by 131K to 6,312,598
So we have a NET decrease of 132K shares (total short on both exchanges is 10.6M shares). At least they did not add a significant amount to their short position. We'll need to wait for the next reports to see if any short covering has / will occur, but early indications are not yet.
Comment by
newcoin on Apr 27, 2022 12:13am
At least they did not add to their short position in any significant way. Perhaps the shorts are coming to an end on this one. I'm sure there's way better stocks to Short than XBC. Kind of pathetic that they've hung on as long as they have.
Comment by
Ciao on Apr 27, 2022 1:53pm
Just looked at XEBEF OTC volume for the period from April 1 - 14 where the short position showed a net decrease of 263K. The volume for that 2 week period was 237K shares. How do they cover 263K shares when in total only 237K trade?. In addition this also implies that all the buys were short covering. Is the SHORT buying shares on the TSX then transferring over to cover?
Comment by
filoux004 on Apr 27, 2022 1:57pm
Bottom line, does not look like any material short covering. Why is that?, something here does not meet the eye. Long XBC Peace