Anyone who doesn't think this is primarily about the shorters driving down the share price to help them cover their 44m outstanding shorts needs to take a re-think!
Friday they added 1,721,204 - 30% of the days sells were shorts to get the ball rolling downhill
Yesterday they added 1,730,359 - 18% of the days sells were short to make sure it kelp rolling their way
And then there are the multiple methodologies to make investors think they should be selling - that PNV has failed to make a profit - that PNV revenue went down in Q4 - that PNV needs capital - that PNV didn't meet analysts projections - the list is endless ...
Will be interesting to check the filings from funds at the end of the month and see if any of them sold. I think not.
...
Short Activity in PNV, page-4312
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Last
$2.04 |
Change
-0.030(1.45%) |
Mkt cap ! $1.409B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.11 | $2.03 | $1.727M | 838.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 299194 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 1559 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |