These shorts numbers are crazy, and frankly, I don't believe them. Below is price and volume data for ECU for the report period indicated. (Source- Stockwatch Daily Summary)
The total volume for this period below is 3666659 shares, yet the shorts change was reported as 5013517 shares. So, there was 1.3 million short sales covered that weren't traded on the TSX.
How can this be?
Date High Low Close Change Volume
|
2009-03-13 T 0.55 0.52 0.54 +0.02 373942 |
|
2009-03-12 T 0.57 0.51 0.52 -0.04 527961 |
| 2009-03-11 T 0.57 0.51 0.56 +0.03 221592 |
|
2009-03-10 T 0.54 0.51 0.53 +0.01 172222 |
|
2009-03-09 T 0.53 0.50 0.52 +0.01 250123 |
|
2009-03-06 T 0.53 0.50 0.51 +0.01 322030 |
|
2009-03-05 T 0.53 0.50 0.50 -0.02 523780 |
| 2009-03-04 T 0.56 0.52 0.52 -0.02 212642 |
|
2009-03-03 T 0.54 0.51 0.54 +0.02 208386 |
|
2009-03-02 T 0.57 0.52 0.52 -0.06 553981 |
