Beaten down namaste found massive support at 0.50. My bullish buy was at 0.73 cents CAD. Target Price $1.15. In this new 2-5 weeks Namaste should be releasing their delay financials report. this could get interesting.
What makes you think it was short covering? It was actually news from another stock that caused the move. Another firm's CEO mentioned N in an interview. Are you guessing that its short covering or do you know? It's impossable to tell.
derekh42
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@AnotherBrian, hi after trading stocks for years on end these covers come fast with lots of volume. the short interest back on april 24th was huge and they covered. you must remember at 3.00 N was halted due to a massive short position by Andrew left where it went from 2.98 to 2.64. he's been short this the whole time and he is taken his profit and at the same time hes closed his position. it may be impossible to tell how many shares were covered. but look at the short data. huge difference from then until now.