USMJ Short Squeeze Could Trigger Rally
November 15 2016 - 9:54AM
InvestorsHub NewsWire
OTC Short Report
Estimates 4 Billion Shares Sold Short
Dallas, TX – November 15, 2016 – Wall Street Corner Report
North American Cannabis Holdings, Inc. (USMJ) announced on Friday,
November 11th, that the Company has been identified by
the OTC Short Report as a “Most Shorted OTC Stock.” The
detailed report estimates over 4 billion shares have been sold
short within the last 30 days at an average weighted price per
share of $0.00047. Accordingly, short sellers would have to
purchase shares below this price to cover short sales and
profit.
Telltale Decline Of Trades At Low End Of Trading Range
Indicates Possible Rally
As bear like trades at $0.0004 have declined in the last few
trading sessions, it appears more likely that the $0.0004 trades
may have been short sales in an attempt to shake the resolve of
long holders. Increasing a short position in an attempt to
shake out actually shares at a lower price is a risky
strategy. Declining volumes at the low end of a trading range
is a telltale sign that shorts are losing resolve to short further
and becoming more vulnerable to covering at a loss. A short
buy-in in the magnitude reported by OTC Short Report could trigger
a rally driving the USMJ PPS to over $0.001.
Revenue Growth, New Contracts and a Pending Dividend with
Another In The Works
USMJ’s operations are looking strong and positioned to whether a
short strategy.
North American Cannabis Holdings has recently reported a
23% increase in year to year sales
with over $500,000 in revenue. The Company has announced
a number of strategic contracts and a recent dividend declaration
date. A dividend payment date announcement
is pending finalization of regulatory requirements. A
second transaction is in the works intended to lead to a second dividend
issuance.
To learn more about North American Cannabis
Holdings:
growusmj.com.
Follow the Company on
Twitter:
US_HEMP
To learn more about North American Cannabis
Holdings:
growusmj.com.
Follow the Company on
Twitter:
US_HEMP
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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
info@wallstreetcornerreport.com
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