If a US stock 97% public float is accumulated by institution end of 2020
There are only 3.5 million shares left.
At the same time, there are 32% short on this stock at latest report.
The share commonly trade between 5 to 9 millions share per day.
If there are 3.5 m shares not owned by longs, how can the share to trade above this number.
Oddly, the share price is stagnant, not volatile , no major mark up or mark down.
The 97% shares are being accumulated in the $3 range as well as the shorts.
Unless the price can breakout the $3 range into higher price level. Shorts are not covering.
Why price stays stagnant . Thanks
There are only 3.5 million shares left.
At the same time, there are 32% short on this stock at latest report.
The share commonly trade between 5 to 9 millions share per day.
If there are 3.5 m shares not owned by longs, how can the share to trade above this number.
Oddly, the share price is stagnant, not volatile , no major mark up or mark down.
The 97% shares are being accumulated in the $3 range as well as the shorts.
Unless the price can breakout the $3 range into higher price level. Shorts are not covering.
Why price stays stagnant . Thanks