I assume it is institutional accumulation too. Thursdays volume spike was 300,000 more than average. There are some high quality fund managers who have a stake in Heska. Perkins Capital, Renaissance, Vanguard, Gamco. Most of these funds have had a stake in HSKA for a long time. They haven't bailed out because they believe its a turnaround scenario and there is no value in selling at the bottom. Some are possibly adding to positions. Typically, you don't see value fund institutions buying penny stocks selling at .50. If we continue to see more accumulation it is definitely bullish.
sorry to say back to an E on IBD...someone got out not in...either a new trader fund to the game or someone that was already in took the opp to sell at .50 and above...or are they trying to shake us out...starting from scratch again...accum at .44 to .46
I subscribed to IBD some years ago, but I'm not familiar with the methods by which they change their ratings.
It seems suspicious to go from an E to a C and then back to an E in such a short time. If it is based on a formula, then I would understand. If based upon subjective decisions by a human, then I would be suspicious.