Short Squeeze Alert - USMJ and PURA Short Selling Could Catapult PPS Skyward
May 11 2017 - 10:52AM
InvestorsHub NewsWire
New York, NY -- May 11,
2017 -- Wall Street Corner Report
North American Cannabis Holdings (USOTC:
USMJ) and and Puration, Inc. (USOTC:
PURA) have both been experiencing heavy short selling
of late, and it looks like that short selling could ultimately
drive the share price of both companies higher.
Short volume has accounted for over 50% of the total trading volume
on 2 of the last 10 trading days for both USMJ and
PURA. Last year, in 2016
USMJ substantially increased its issued and
outstanding while probably financing growth with less than
favorable investment terms. PURA is a
younger company, but a spinoff of USMJ and probably suspect of
dilution like USMJ. However, since the
beginning of 2017, new stock issuances for both companies have been
modest. The two companies just announced private equity
financing and that could mean future stock issuances will probably
be even lighter. It appears management is making progress at
improving its sources of investment capital.
The stock shorters just don’t seem to have been paying
attention and it could cost them dearly.
Candlestick analysis publish by Stock Technical Analysis
(stocta.com) indicates the market appetite for USMJ is
OVERALL BULLISH in spite of all the short selling.
The market appetite for PURA, a younger company is
NUETRAL. With all the short selling, the
shorters have not been able to turn the market negative on
PURA.
Now both Companies have clearly started a PR campaign built around
what seems to be a new wave of developments for the two
Companies. In addition to the new private equity deal,
USMJ is dusting off and reintroducing its American
Seed & Oil Company. PURA is introducing new EVERx
products. Recent press from the two Companies indicate we’ve
just seen the beginning of some bigger news on its way.
Between the Companies developments and coming news, and the fact
that recent shorting has not dampened shareholder enthusiasm to a
point of being negative, the short selling is probably going to end
up contributing to an increased PPS for both companies. A big
news release that drives a big day of buying will probably make
shoters through towel and cover which will just add to organic
buying and catapulting the USMJ and
PURA share prices.
Other companies topping OTC Short Reports most shorted stocks list
include:
POCKET GAMES INC (OTC
Pink - Current Information:PKGM)
DIGITAL BRAND MEDIA (OTC
Pink - Current Information:DBMM)
Wall Street Corner Report is the premier discovery site for
promising, yet undiscovered small and micro-cap stocks featuring
opportunities in an ethical, professional, and responsible manner.
We're not fiendishly 'short' sighted nor are we here to dream the
impossibly 'long' dream. We take a practical view on the big
ideas of well-intentioned management and look to profit on each
reasonably achievable step the well intentioned mangers take toward
their big ideas.
http://www.wallstreetcornerreport.com/more-news/
https://twitter.com/WallStCornerRpt
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
Jack Taylor
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Aug 2024 to Sep 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Sep 2023 to Sep 2024