The Most Shorted Stocks in Canada

The GameStop furor has brought short-selling to the fore again, and there are signs that some of Canada's most shorted stocks have seen strong buying interest as a result

Ruth Saldanha 3 February, 2021 | 4:38AM
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Loblaw's storefront

If you’ve been interested in investing (or social media, or gambling, or sports – this situation has widespread appeal!) and have following the news, there’s no way you could have missed the GameStop saga. What started as an audacious move by Redditors to challenge the status quo in financial markets, quickly captivated the imagination of new and experienced investors alike, and brought short-selling into the limelight.

In an attempt to drive up prices of certain nostalgia-tinged U.S. (GameStop was not the only one) and play professional money managers at their own game, the social media driven day traders created a short squeeze, a move usually associated with hedge funds, as my colleague Dave Sekera explains.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Great-West Lifeco Inc30.06 USD1.59
High Liner Foods Inc13.30 CAD-0.82
Loblaw Companies Ltd83.54 CAD-0.39Rating
Morguard Real Estate Investment Trust6.35 CAD0.00
Paramount Resources Ltd A15.69 CAD-1.32
Savaria Corp20.57 CAD-0.15
Tamarack Valley Energy Ltd2.53 CAD-1.56
Thunderbird Entertainment Group Inc4.17 CAD-0.24
Village Farms International Inc12.26 CAD0.33
West Fraser Timber Co.Ltd88.18 CAD-2.07

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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