Short sales on the TSX: What bearish investors are betting against
The article examines short selling activity on the Toronto Stock Exchange, highlighting stocks with the highest short interest and recent increases in bearish bets, including Imperial Oil and Psyence Biomedical. It explores potential reasons for elevated short positions, such as perceived overvaluation, environmental liability concerns, and speculative trading behavior. The report also notes sell recommendations from analysts and discusses implications for investors considering these stocks.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFor this update on short selling in public Canadian companies, we cover: Top short positionsTop increases in short positionsSell recommendations from independent analystsRecent targets of activist short sellersStocks most at risk for short squeezesMost shorted ETFsMethodology and sourcesAcademic studies have found that short positions on average foreshadow underperformance in stocks. Investors holding, or considering buying, any of the stocks mentioned in this update may want to make sure they have done their due diligence. For more details, see the Methodology and sources section at the end.Top short positions To begin, the table below shows the most shorted Canadian companies as of April 28.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.