New York, NY – May 12, 2017 – Wall Street Corner Report|
The market appetite for the stock of North American Cannabis Holdings (USOTC: USMJ) and Puration, Inc. (USOTC: PURA) was upgraded to VERY BULLISH after yesterday’s trading session based on candlestick analysis published by Stock Technical Analysis (stockta.com).
Recent Short Selling Fueling Skyrocket PPS Potential
Both USMJ and PURA have been experiencing heavy short selling of late. The upgraded rating to VERY BULLISH, indicates the short selling strategy is not paying off, and may in fact be contributing to a coming dramatic increase in the PPS of both stocks.
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. Short selling volume was up again yesterday reaching almost 50% for USMJ, but the BULLs won the day.
Candlestick analysis publish by Stock Technical Analysis (stocta.com) up until yesterday indicated the market appetite for USMJ to be OVERALL BULLISH in spite of all the short selling. The market appetite for PURA, a younger company was NUETRAL. Today, both are upgraded to VERY BULLISH.
Highlights of Report Published Yesterday on USMJ and PURA
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.
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:
BLUE DIAMOND VENTURE (OTC Pink - Current Information: BLDV)
OCEANIC RESEARCH (OTC Pink - Current Information: ORRV)
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