Some analytics: The volume over this short period was 5,133,117 traded at an average price of $1.497.
The short (baring intra period variation) represents 2.2% of the shares sold over that period.
TD has been the biggest seller over this period. That does not mean they are the biggest short but it they did appear to do a fair bit of hitting the bid during periods when there was a lack of support. There were of course some pretty big blocks but up for sale to seemingly apply downward pressure? Yesterday was however an interesting trading day where both the bid and the ask were pretty thin for most of the day without any real push to cause a significant move up or down until of course the end of the day when the buy side took over. So why didn’t the shorts take advantage of this yesterday? The short position is pretty insignificant in the overall picture but with the trading activity becoming very thin they could be forced to cover at a significant premium. We will see but this gets a little more interesting to watch. I think they have underestimated the shareholder base. 1,641,300 shorts are running out of time in my opinion. Will they be forced to cover ahead of news? They are obviously betting on news being delayed.
