Mmhmm.
I suspect they didn't really do their due diligence when shorting PNV.
They saw it squeeze to $4, got greedy shorting it down to here, had many other shorters jump on for the ride.
Now they're in the position that we are still in the asx. The company hasn't needed a cap raise. Sales continue growing. Now directors are buying up the free available shares and the price is increasing during this market downturn.
The only options are double down hoping something, anything happens, or start covering and trigger a gold rush on the remaining shares. And if DW buying 100k - 500k shares in a day supports the price (while nearly double are still shorted), what's going to happen when a shorter tries to close a million shares? or 75 million?
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Last
$2.30 |
Change
-0.030(1.29%) |
Mkt cap ! $1.587B |
Open | High | Low | Value | Volume |
$2.38 | $2.38 | $2.29 | $2.291M | 989.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2733 | $2.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.31 | 19664 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 43702 | 2.280 |
6 | 24384 | 2.270 |
5 | 3519 | 2.260 |
10 | 20528 | 2.250 |
11 | 11513 | 2.240 |
Price($) | Vol. | No. |
---|---|---|
2.310 | 14250 | 5 |
2.320 | 8160 | 2 |
2.330 | 4608 | 2 |
2.340 | 2108 | 1 |
2.350 | 4758 | 2 |
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