InterREnt (IIP)

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Odds are stacked against shorts targeting Well Health Technologies

While the short positioning in Paramount Resources (Mixed; POU) remains off its peak seen in mid-May, short bets against the stock remain highly elevated. The stock has recently pulled back from a rally off its June lows and short sellers seem generally content to hold on to their bets for a stock breakdown.

A notable change in our Top 10 most shorted list this week is the disappearance of Stingray Group (Mixed; RAY) due to an increase in the stock's estimated float. That paved the way for Laurentian Bank (Mixed: LB) which takes the 10th spot. Based on our signals, the shorts may be on to something there. In terms of signals, Cargojet (Mixed; CJT) has flipped back to a bearish setup.

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