I am unable to explain the relentless selling of JXT since July 1 2020 by Pershing (who could represent a number of broking houses or holders). It has been constant selling for the entire period from July 1.
You then compare the trading to the top 20 holders at June 30 and there can be only a small group who are participating in this sell down.
Has a group of large shareholders lent out their shares for it to be shorted by Pershing?
When they have to give them back to the beneficial owners they are in for some large buying to restore the full number of shares back.
It makes zero sense to me why the shorting would still be continuing.
What other explanations could there possibly be?
