Q: Is the recent increase in TRI short postions a source of concern?
5i Research Answer:
We show 1% short in Canada and 9.4% in the US. While certainly higher than before, this is most likely due to general shorting of the software sector, which we have seen a lot of. In addition, there are algorithm traders that will short stocks that have declined, hoping for continued momentum in the same direction. We would not worry too much here, but the trend should be watched.