So my take on this is: Traditionally held by retail, except probably when we were the new kid on the block. With many long term holders, and all of those covid balance sheet conservative desired by the market of positive cash generation, profitability and no significant debt, we went out of favour with the big players, except for shorting and trading on volatility. But I sensed long termers aren't selling, which would have impacted volume.
Fidelity, JP Morgan building a position based on low entry prices compared to where they feel the stock fair value. However, I'm sure they are lending, which continues the shorting saga. For them and their funds, PNV will be another market darling when it absorbs the shorts, and they retire into the sunset.
While JP and probably Fidelity are holding for their clients, I think it will be interesting when they start to sell to take short gains. Will they be long term holders?? I'm guessing there are some phases to go before stability comes to our register, as shorts will get squeezed, PJ & Fidelity will take some profits, and there could be enough predictable volatility for trader profiteering.
Any of our predicted catalysts would be the logical start for fun times. Like long termers, I'll be holding for blue ribbon value.
PNV Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
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