i just cant work out the shorters angle here
i can see with pointsbet they have exited from highs and continue a controlled exit as the shareprice starts to rise again up 10 %last month
but pnv is up from 87cents!
dw buying loads
q3 sales update said q4 is going to be strong
yet shorters are holding a high stake on PNV
that says to me they are either batshit crazy
or think the yearly result and q4 will be poor
or they think they wont get a ceo ever
or they think the macro conditions will persist and get a lot worse causing all stocks to crash soon
or they think pnv will need a cal raise very soon
we have confirmation of the property sold, more money in the bank, they added a half million to the balance sheet last quarter, are indicating q4 to be strong (historically q4 is strongest for pnv). shareprice has gone from 87 cents to 1.54 and we are seeing more coverage from analysts now too that pnv has turned a corner. yet shorters are holding out....
what are we missing that the shorters see?
i just cant work out the shorters angle here i can see with...
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Last
$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $1.691B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.51 | $2.43 | $5.243M | 2.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35541 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 2681 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PNV (ASX) Chart |