North American Cannabis Holdings Inc (USMJ)

[Maker13]

PURA PPS On Verge Of Breakout Back To Recent $0.09 High After Pending Short Cover

http://ih.advfn.com/p.php?pid=nmona&article=73986554&symbol=NO%5EUSMJ

Dallas, TX – March 1, 2017 – Wall Street Corner Report

Puration, Inc. (USOTC: PURA) is on the verge of a PPS breakout as a month of short sellers attempting to cover comes to an end. On February 2, PURA was one of the most shorted stocks on the OTC. Again, on February 22, PURA was one of the most shorted stocks. Short sellers have continued all month to sell short every day (see chart below) in an effort to hold back the PPS and cover their short positions. Short sellers have found now eager sellers willing to give up long-term positions.

Between the short selling to hold back the PPS and the high volume short selling on the 2nd and the 22nd, short sellers have failed to cover their positions.

February has ended and the shorts are on borrowed time. Month end reconciliations are coming and so is the buy-in to cover their outstanding short positions.

Stock Technical Analysis (stockta.com) continues to rate PURA BULLISH in the long-term making the outlook for short sellers even more bleak. Hold on to your hat and get ready to see the PURA PPS breakout above $0.06 and reach previous highs of $0.09.




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