Do you check the annual report or quarterly report? if it is annual report, you could not know that these holders sold the shares or not. until they release the this year annual report.
for 2018 and 2019 the share price was low, people usually will hold until it reached their target. this year, sp reached the highest price, during this time, i bet the long term holders is looking to take some profit out.
who owns Zoono share, page-7
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