The short interest has been falling over the past few weeks, which means shorts are covering i.e. they have been net buyers of 1PG over the past few weeks. The latest leg down is not from the shorters.
Plus the short interest is small at 3m shares and is only a few days turnover. Stop blaming the shorts!
Also, this is not being manipulated. The short interest is too low and there is far too much liquidity.
People shorting stocks is not manipulation and instos buying and selling stocks is not manipulation. Spreading false stories that are considered credible could be considered manipulation but I have not seen anything like that. <- this is the gist of the story that was posted on here a few weeks ago. The facts do not support any manipulation in 1PG.
It is getting smashed as a large number of retail and instos sell out.
I think it is a reset of lofty expectations and now it is just panic.
This fall is NOT manipulation or short selling.
1PG Price at posting:
97.5¢ Sentiment: Sell Disclosure: Not Held
