Air Canada remains a popular target
In this update on short selling of shares in public Canadian companies, we cover: 1) activity at the ETF and company levels, 2) stocks vulnerable to short squeezes, 3) some sell recommendations from a select group of retired investment professionals, and the 4) legal troubles of activist short seller, Andrew Left. The source for short sales data in the charts and tables was S3 Partners .), bearish sentiment on the future direction of the Toronto Stock Exchange has edged up in recent months.
This might look like a pump-and-dump operation to some. However, the First Amendment protects free speech in the United States, so the DOJ can’t nail Mr. Left for saying what he believes about a company. But Mr. Left’s statements were based on lengthy research. And his conclusions were mostly on the mark. For example, thereported in 2015 that his 111 short-sale calls from 2001 to 2014 were followed by average price declines of 42 per cent in the year afterward.
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