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Enterprise software solutions firm Enghouse Systems ENGH-T remains one of the most shorted stocks in Canada with 3,056,136 shares shorted representing about 7.2 per cent of its float as of July 15. One insider has been betting against the short sellers. On June 12, Enghouse Systems Director Paul Stoyan bought a total of 10,000 common shares in the public market at an average price of $16.06. Earlier, from Jan. 7 to Jan. 9, Mr. Stoyan sold a total of 8,500 common shares at an average price of $20.55.
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.