Intouch Insight heads into its May 21 Q1 earnings webinar with a consistent insider-buying pattern running since last spring — and a short position that has jumped nearly eightfold in a week.
The insider story is the standout here. Chairman Eric Beutel has been adding steadily since April 2025, buying across six separate transactions totalling more than 274,000 shares at prices ranging from CA$0.29 to CA$0.40. Director Sandra Lee Bennett has added in four tranches since September, most recently picking up 5,400 shares at CA$0.32 on April 16. Net insider buying over the past 90 days amounts to 8,900 shares. The trades are small in absolute dollar terms — Intouch is a micro-cap trading on the TSXV — but the pattern is consistent: the chairman, the company's largest individual holder at 12.7% of shares, has not sold once in this run.
Short positioning tells a more unusual story this week. Estimated shares short jumped from 109 to 903 — an 8x increase — around April 21, and have held flat since. At this size, with a free-float percent of float that ORTEX cannot calculate from available data, 903 shares is a negligible absolute position. Days to cover on the official fortnightly FINRA figure registers at just one day. Borrow is cheap at 0.87% annual cost, roughly double where it sat a month ago but still well inside the range where meaningful squeeze dynamics operate. Availability data at the current date is too stale to be useful, but the cost-to-borrow level alone signals no real lending-market stress.
The ORTEX short score of 25.5 — while nudging higher most days this week — ranks in the 79th percentile on days-to-cover and the 97th percentile on the short score rank for the sector. That latter figure is a quirk of comparing a TSXV micro-cap against its software peer group rather than a signal of meaningful short crowding. The stock closed April 29 at CA$0.30, down about 5% on the day but flat across the week. It has gained 22% over the past month, a move that lines up exactly with what happened in the five days following the April 7 full-year results release — the stock popped 4% on the day and added another 22% over the following week.
The April 7 results announcement confirmed the full-year 2025 financials and flagged an upcoming investor webinar scheduled for May 21. The prior comparable print, in November 2025, went the other way: the stock dropped 11–13% on the day and shed a further 4–6% over the following five days. That asymmetry — a sharp down move in November, a sustained rally in April — is the reaction pattern worth holding in mind ahead of the next release.
With the stock at CA$0.30 and the May 21 webinar approaching, the setup is one where insider conviction is clear, short positioning is minimal, and the reaction will depend almost entirely on whether the company's outlook commentary matches the optimism that the April 7 rally implied.
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