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Industry news

Thomson Reuters on Toronto shorting list


26 March 2014 Toronto
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
In the Toronto Stock Exchange’s report, produced twice a month, the top 20 largest consolidated short positions were as follows:

Lundin Mining, New Gold, Toronto-Dominion Bank, Bombardier, Athabasca Oil, Legacy Oil + Gas, Celestica, Enbridge, CGI Group, Manulife Financial, BCE, Royal Bank of Canada, Bankers Petroleum, Detour Gold, Power Financial, Element Financial, Kinross Gold, Loblaw Companies, Thomson Reuters, and Crew Energy.

Nasdaq’s most recent report (14 March) shows short interest in Thomson Reuters at 16,528,208. The average daily share volume is 706,929, and days to cover were at 23.

The media and information firm—which is New York-based but lists primarily in Toronto—have been slashing costs recently. In October last year, it announced plans to cut 3,000 jobs after losing market share to Bloomberg.
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