With a successful Ph. III trial for SFP, can anyone speculate as to why the Institutional Ownership with this company remains at 11.6%? I pulled up ACAD, SRPT, and KERX respectively, and none of these three companies have Institutional Ownership numbers of below 50%. I own a small long position here with about 900 shares, but was hoping to gauge others' thoughts at to why Institutions don't seem to have bought in yet?
My only thinking really is that most institutions are waiting for the second CRUISE trial to reproduce similar positive results before jumping in, to serve as validation of CRUISE-1. Does anyone have any thoughts on this at all? I appreciate all thoughtful responses in advance. Good luck to all.
How are 'the shorts' able to manipulate the Bid / Ask though? If this were true, couldn't 'the longs' also manipulate the Bid / Ask to make the stock go green? I'm aware there is opex in mid-August and thus there may be some interest to keep the stock at $5.00 or lower, but am not necessarily aware of how this is done, outside of plain shorting.
A. I dont think that is an accurate up to date number. B. Cruise 2 may do the trick C. many institutions can not buy stocks below 5. Give tyour position 2 months and IMO things will change in your favor
I appreciate your response. I don't plan on selling this anytime soon, I just noticed the relatively low institutional ownership number in the company's "Key Statistics." That said, it took Yahoo until yesterday to update RMTI's market cap, so it very well could be out of date. Thank you for the information - I was unaware that many institutions cannot buy under $5.