Below we have calculated the highest percentage increase in short positions (based on short traded volume) on Canadian traded cannabis stocks over the past 2 weeks.  For the sake of this article, pay attention to the final two bars on the x axis as an indicator for the past two weeks, (the long term chart has been included to show trends).

Shorting a stock requires a margin account and cannot be done with a basic TFSA through a bank. You have to be able to borrow the stock first to be able to short it. You have to find out from your broker if the stock can be borrowed first. Shorting stocks, or ‘playing the squeeze’ is a risky investment strategy, yet an effective one when used at the right time.

*For newer investors, or those unfamiliar with the specifics of a short position:

‘A short, or short position, is selling first and then buying later. The trader’s expectation is that the price will drop; the price they sell at is higher than the price they buy it at later. The difference between the sale price and the buy price produces a profit or loss. In the forex and futures markets, a short position can be initiated at any time. In the stock market, the trader must borrow shares from a broker in order to short them. This creates a share deficient in the account. When the trader buys the shares back, the borrowed shares are returned to the broker and the profit or loss on the trade is realized.’ – Investopedia

Top Percentage Increase

(Short Traded Volume)

1.CHOOM Holdings (CHOO) +87.31%

2.Inmed Pharmaceuticals (IN) +86.67%

 

2.FinCanna (CALI) +86.67%

4.Vodis Pharmaceuticals (VP) +84.13%

5.The Green Organic Dutchman (TGOD) +84.08%

6.Wildflower (SUN) +83.59%

7.Blissco (BLIS) +81.80%

8.Lexaria Bioscience (LXX) +80.66%

9.iAnthus Capital Holdings (IAN) +75.52%

10.MedMen (MMEN) +73.49%

11.MYM Nutraceuticals (MYM) +70.40%

12.Hempco (HEMP) +68.83%

13.Radient Technologies (RTI) +68.73%

Source: https://shortdata.ca/