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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. 

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*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

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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

Three big improvements to Canadian Insider and one huge sale

by Ted Dixon, Canadian Insider

As we wrap up our spring Canadian Insider Research Club membership drive today, I am thrilled to announce the third improvement we have made to Canadian Insider for all our users. In case you missed it, the first big change I wrote about last week was our decision to provide free quantitative INK Edge stock rankings updated monthly for thousands of North American companies. While other sites charge for these types of rankings, we are posting them monthly for free.