Clean Energy Transition Inc. is a micro-cap mining name trading at CAD $0.04 — and this week's headline is a noisy-looking short interest figure that, on closer inspection, means almost nothing at all.
Short interest is technically at 0.002% of the free float. The 469% week-on-week jump in estimated shares short sounds alarming but resolves to roughly 917 shares — a rounding-error position in any real portfolio. The most recent official FINRA fortnightly figure puts total short shares at 710, with just one day to cover. This is not a short story.
The cost to borrow tells a more interesting history. The current rate is a benign 0.59% — but the data trail shows it spiked to over 651% as recently as November 2025. That reading likely reflected a brief moment of extreme illiquidity in the borrow market rather than any coordinated short thesis. It has since collapsed back to near-zero and has held flat for weeks. Availability data is too stale to be useful here, but with short interest this negligible, the lending market is effectively a non-issue.
The stock itself has moved 14% higher over the past month to CAD $0.04, though it was flat on both the day and the week ending April 28. The price gain is notable in percentage terms; in absolute terms, it represents a fraction of a cent. Market cap sits just above $1.2 million USD, placing TRAN firmly in micro-cap territory where liquidity is thin and single trades can drive outsized price swings.
Factor scores provide some additional texture. The DTC rank at 80th percentile and the short score rank at 76th sit oddly high for a name with almost no short interest — those readings likely reflect the stock's extreme illiquidity and low float characteristics rather than genuine short-side pressure. The ORTEX short score itself is a modest 28.6, which has barely moved across the past two weeks. Overall, the positioning profile looks more like a dormant, thinly traded venture listing than a stock with any active directional conviction either way.
The next earnings event is flagged for late August 2026. Prior releases have produced sharp one-day moves — a 22% drop in April 2026 and a 20% gain in December 2025 — but those swings are characteristic of micro-cap names where any news, or even no news, can move the price materially on low volume. That August date is the next concrete event worth watching.
See the live data behind this article on ORTEX.
Open TRAN on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
