Q: When I look at your website I notice a new director purchased $2 million dollars of shares on Oct.30th(Laurette T Kellner)Is that a significant purchase? What is the current short position and has been increasing? Thx
5i Research Answer:
Short interest is 1.19% (1.4M shares) on the TSX and 3.06% (3.5M) on NYSE. Shorts have ticked up in the last six weeks but remain below October levels. We do not know the director's net worth, but it is a decent-sized buy and as a new director is quite a positive sign.