Mmhmm.
I suspect they didn't really do their due diligence when shorting PNV.
They saw it squeeze to $4, got greedy shorting it down to here, had many other shorters jump on for the ride.
Now they're in the position that we are still in the asx. The company hasn't needed a cap raise. Sales continue growing. Now directors are buying up the free available shares and the price is increasing during this market downturn.
The only options are double down hoping something, anything happens, or start covering and trigger a gold rush on the remaining shares. And if DW buying 100k - 500k shares in a day supports the price (while nearly double are still shorted), what's going to happen when a shorter tries to close a million shares? or 75 million?
Short Activity in PNV, page-2301
-
- There are more pages in this discussion • 4,554 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PNV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.54 |
Change
0.120(4.96%) |
Mkt cap ! $1.754B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.54 | $2.43 | $4.835M | 1.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 81780 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 5610 | 4 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |