My read is that some that have a small profit (or large for that matter) are exiting as quietly as they can. We will get occasional surges in price/short volume as one or more panic for the exits - the run to the 1.70's is testament to that. That is until it reaches critical mass when a short squeeze is triggered by many panicking and running for the exits...... higher highs and higher lows means that the squeeze is approaching and it is a serious game of chicken at this point.
Problem for our short friends in this game is threefold:
The price of money is getting more expensive by the day - eating any profits over time.
The company holds the reporting/news cards - good or bad? Essentially it is a Red or black bet on a roulette wheel but PNV knows the likely colour!
Closing 1/4 mil short shares isn't gonna get this done fast enough if the news is good which most feel it may well be.
GLTAH BNTS's
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Last
$2.43 |
Change
-0.090(3.57%) |
Mkt cap ! $1.678B |
Open | High | Low | Value | Volume |
$2.49 | $2.50 | $2.43 | $2.311M | 940.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 17100 | $2.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.45 | 5973 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 17100 | 2.430 |
1 | 7842 | 2.420 |
6 | 104818 | 2.410 |
7 | 17322 | 2.400 |
3 | 12912 | 2.390 |
Price($) | Vol. | No. |
---|---|---|
2.450 | 5973 | 1 |
2.460 | 14493 | 3 |
2.470 | 9999 | 2 |
2.480 | 2157 | 1 |
2.490 | 2157 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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