went from 40% to 50% of outstanding shares. Institutions scooped up shares at the lows when it went down.
Cannell Capital scooped up over 900K shares. In addition, Lloyd Miller is a big buyer. The downdraft can only be shorting as buyers have outnumbered sellers by a wide margin.
A low float issue can easily be manipulated lower....and higher. Maybe the big buyers shorted so as to buy lower. They can easily reverse course and cover and drive the price up when the timing is right
6.6M shares owned by institutions who increased in a big way last quarter
1.4M shares owned by Lloyd Miller
1M shares owned by Avis (not registered and thus can't even be sold)
1M+? owned by insiders
Outstanding shares and in the money options total only 13M shares. The free float is less than 3M shares. With 500K+ shares short, one can easily see the out sized influence shorts have. I would bet folks here own more than 100K shares.
If Lloyd Miller took his holdings to 2M shares, it would be very difficult for him to do that without moving the share price in a big way.
does your computer not have an "ignore" button? You are about to go on it as you are just as annoying as those on ignore
I hope you get paid by the post because if you are paid for the quality of your posts, you would be living in a cardboard box
you are a shameless shill
you would short a stock with a 3M share float at 1.2X sales? You might be the biggest moron and small time thinker I have ever seen. I still say you are a 100 share investor guy. Guys like you shouldn't post at all. You are starting to sound like the board sociopath
I've explained to you multiple times now, that I have been short and long this stock. I see it for what it is when appropriate