Anyone who doesn't think this is primarily about the shorters driving down the share price to help them cover their 44m outstanding shorts needs to take a re-think!
Friday they added 1,721,204 - 30% of the days sells were shorts to get the ball rolling downhill
Yesterday they added 1,730,359 - 18% of the days sells were short to make sure it kelp rolling their way
And then there are the multiple methodologies to make investors think they should be selling - that PNV has failed to make a profit - that PNV revenue went down in Q4 - that PNV needs capital - that PNV didn't meet analysts projections - the list is endless ...
Will be interesting to check the filings from funds at the end of the month and see if any of them sold. I think not.
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Short Activity in PNV, page-4312
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Last
$2.54 |
Change
-0.180(6.62%) |
Mkt cap ! $1.753B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.65 | $2.53 | $4.356M | 1.685M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 29641 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 22158 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |