The # of shorts have doubled in the last 45 days.
Longs can stop this by putting in a sell ticket at a very high price.
This prevents brokers from lending your stock to the shorties.
Let's push this stock back to the $12 range...
Most of us are down....as well as similar stocks in this category. Not because PNNT sucks....it's because the markets have tanked.
And our leaders have done nothing to address the problems creating the economic mess we are in. Sickening.
I used to think that "trick" worked, but my broker (TD Ameritrade) said it's a myth.
Please check with your broker and ask about this, if they confirm that it does keep the shares from being sold short, I'll try the same.
Remember, these stocks are long term income holdings. If you are buying for quick pops in the stock price, this may not be the best issue (or even the best space). Within the sector PNNT has great fundamentals. I own several BDC's and PNNT is my largest holding. I bought more last week at $9.31 and would love to buy more down here in the low 9's.