mCloud Technologies Corp (MCLD)

[DVP25]

Update on Short Volume.

I wanted to update my previous post from yesterday regarding the daily short volume in MCLDF and how it may be a sign the stock is being manipulated. Something seemed fishy when I checked the open short interest as of the last update (end of April) and it was only 11,600 sh despite the the big daily short vol. After some additional research, I learned that the daily short vol numbers can reflect regular transactions where the broker is executing the sale on behalf of the shareholder by first shorting into the market and then covering by buying from the shareholder. I'm not sure if that's a more common practice with OTC stocks or not, but given the minimal open short interest in MCLDF, it appears that is what is going on.

If the convert buyers are suppressing the stock price, it does not appear to be via short-selling. Just wanted to clear that up as I definitely don't want to mislead anyone.