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Organovo Holdings, Inc. Message Board

  • shawnsean37 shawnsean37 Jun 13, 2013 12:06 PM Flag

    Volume = 42,291 at Noon??

    Anyone know why the volume is this low?

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    • The daily volume has dropped quite a bit after that last run-up over 4.50...

      My feeling is, a lot of shorts who bought in around 4 (and were in a panic when it nosedived to 3.25) jumped at the opportunity to sell in the black, and haven't come back (probably set another mid-3 buy point that hasn't happened)... Nothing wrong with that - by the percentages I'd say ONVO has more longs than it did in March.

      Seems to have resulted in a comparably robust floor around $4 while those of us holding on longterm wait & see what institutional interest might come with a Nasdaq-CM uplist..

      Sentiment: Hold

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