2018 déjà vu?

by Ted Dixon, Canadian Insider

We experienced the dangers associated with a stalled INK Indicator last year. Will it all happen again? Will we see a move up in stock prices in the first part of the year, only to see those gains evaporate in the fall?

We tackle that question and more in the latest Canadian Insider Insights. Click here to read this week's newsletter (registration not required).

INK Edge Highlights

A sample from INK Research's INK Edge list
CIBT Education Group (MBA) has notable insider buying
Toby Chu, CEO and Director, acquired 46,000 Common Shares on ...
Last updated: Tuesday, April 23, 2:46 am

Top Buys and Sells Past Week

TSX and TSXV stocks with most insider sellings in the past 7 days
*Real-time data source: Nasdaq, CXC and CX2

Winner's Circle

A look at stock with positive momentum & insider buying
Amex Exploration Inc. (AMX)
Subindustry: Junior natural resource -- Mining
On February 5, 2019, we highlighted strong net insider buying at Amex Exploration (AMX) in our Morning INK Report. As of February 26th, the stock has moved up 148% since the report date, and insiders have been net buyers of 180,000 shares. Visit the company page to see who has been active.
Source: INK Research

Recent Filings Activity

See Issuers with new insider (SEDI) filings for the previous business day

INK Edge Outlook
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Insider Sentiment Centre

The INK Indicator is updated daily and measures the level and direction of insider sentiment by looking at key purchases and sales by executives in every company. The indicator represents the ratio of stocks with key insider buying over key insider selling. For more background on market and sector indicators, please visit INK Research

The harvest begins for Village Farms Intl short sellers

by Ted Dixon, Canadian Insider

High Liner Foods remains the most shorted stock on the TSX based on the latest IIROC report and INK data. Short interest remained relatively steady at 15.54% of its float, down 0.26% from the March 30th report. Since our April 8th INK post warning that based on INK signals the stock appeared at risk of a bearish setup, it has dropped 4.5%. Our bearish signal remains in place based on a combination of relatively large short-selling and average insider commitment.

Top 10 Canadian Stocks Shorted as of April 15, 2019*
    Stock Shares Short %Float Change INK Signal
1 HLF High Liner Foods 3,473,749 15.54% -0.26% Bearish
2 CJT Cargojet 1,344,935 11.41% 0.06% Bearish
3 VFF Village Farms Intl 4,129,338 11.09% 3.98% Bearish
4 POU Paramount Resources 7,598,596 10.68% 0.33% Squeeze
5 SSL Sandstorm Gold 17,681,658 10.21% 0.01% Bearish
6 GWO Great-West Lifeco 28,114,999 10.12% 0.23% Squeeze
7 L Loblaw Companies 11,200,733 9.98% -0.16% Bearish
8 ACQ AutoCanada 2,707,756 9.91% 0.08% Bearish
9 SIS Savaria 3,019,775 9.84% 6.05% Squeeze
10 CHW Chesswood Group 794,730 8.91% -0.01% Squeeze

*Stocks trading over $1

Shorts continued to hang on for the ride at Cargojet which remains the second most shorted stock. Although the stock is up slightly since our last report, short-sellers may start to enjoy their ride as our signal has flipped from a potential short-squeeze situation to a bearish setup. On April 16th, the company announced the closing of a $100 million bought deal debenture financing which could encourage some shorts who were hedging the transaction to cover.