Is There A Huge Naked Short on Helium Explorer Avanti Energy?
Editor OilPrice.com, 12 May 2021
Aggressive short sellers, now being targeted by Canadian regulators, are believed to have shorted a shocking 11 million shares of helium miner Avanti Energy in Canada since 2019, most of it in the past two months alone.
That makes Avanti Energy a large target of short-sellers seeking to enrich themselves by destroying companies, even as Canadian regulators are about to tighten the screws on these out-of-control—and naked—shorts.
Buyins.com, which allows companies and investors to see what’s really going on in the markets–recently put out a shocking report on Avanti, showing that since 2019, 924,000 total shares have been shorted in the U.S. and around 11 million total shares have been shorted in Canada. Which is surprising considering the company has a fairly low share count and what seem to be sound fundamentals.
But most of that—an astonishing 95%+ has happened just since March 2021.
