Reposted with a correction to Graphs as I found a small mistake in my data transcription
For what its worth...
IMO the shorts definitely play a part in the short to medium term on PNV. In the long term I expect they will be burnt off in a similar way to NXT and other quality companies as they become established with Institutional investors.
I have made some extra cash trading against their patterns as I know PNV comes up with the goods reliably and when the SP gets stupidly low then LT holders such as myself take advantage of the opportunity.
I have a very strong suspicion that large holders also take advantage of short sellers when they lend shares in the early stages of a company like PNV to capitalize on the uncertainty of some investors who may not understand a given stock as well as others. It is also an obvious way to hedge their own investment.
Anyway here is my latest shorts graphs for you all to ponder.
Short Activity in PNV, page-56
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 (20min delay)
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Last
$2.35 |
Change
0.020(0.86%) |
Mkt cap ! $1.622B | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.40 | $2.34 | $2.822M | 1.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13436 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 11159 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |