In some respects I completely agree with noretreat....that its an inconsequential number, certainly when measured against the 200+ million outstanding....0.23% is close to nothing.  And if BETonMACE succeeds....then I don't think anyone will care what the short interest was at the end of June.  

But in another way I do view its being very consequential....specifically as to how it affects the current PPS.  If short selling hadn't increased by over 100K in the roughly 2 weeks leading up to that June 30th settlement date, would the PPS still be hovering in and around the $3 area or much would it have been significantly higher?

And on a day like today with almost 100K trading across all Canadian platforms....I have to wonder if short selling was being used to depress the PPS.  I don't think it would take a lot...maybe as little as 10 or 20K being borrowed and dumped back into the market in an effort to demoralize some bullish longs perhaps.