Short Activity in PNV, page-2299

Hard to fathom that since DW began his buying spree the shorts have increased their exposure by another 4.6mil shares.

Shorters banking on removal from the 200 are playing a dangerous game. Hear me out.

When we were admitted to the 200 our SP was 2.24 vs 1.28 now. So in relative terms our weighting in the 200 is -43% compared to back then. On top of this the 200 index is about 5% higher (was more before the pummeling it got today). So not only are we worth 43% less, the 200 is worth more further reducing the weighting that poly has on the index (At this share price it is negligible now).

Now consider that when we were admitted to the 200, the day prior (a lot in the closing auction) $100 million worth of shares traded (see below - columns are open/high/low/close/volume/$) but that was when our market cap and weighting was a lot higher than today forcing the index funds to 'relatively' buy more.



Now as our market cap has dropped so low many funds have likely left already (as DW alluded to) or reduced holdings accordingly as per our reduced market cap and weighting in the 200. Therefore, you would think that less than half of that $100 mil would change hands if we exited the 200.

At a generous educated guess - $45 mil might change hands on the day which equates to only 35mil shares (at current SP) at most available for covering. That assumes there is no competetion for said shares which we know inevitably there will be.

So with over 70mil shorted what is their exit strategy? I can't see removal from the 200 as the end game for them, far from it based on my thoughts above