Republic Airways Holdings Inc fka RJETQ

[Cncyr726]

This company is almost exclusively held by institutions:

RJET Major Holders

And many of these institutions were buying headed into the bankruptcy:

http://www.americanbankingnews.com/2016/02/24/republic-airways-holdings-inc-rjet-lifted-to-sell-at-vetr-inc/

Several institutional investors have recently made changes to their positions in RJET. Soros Fund Management LLC boosted its position in shares of Republic Airways Holdings by 47.1% in the fourth quarter. Soros Fund Management LLC now owns 1,561,899 shares of the company’s stock worth $6,138,000 after buying an additional 500,000 shares in the last quarter. GLG LLC boosted its position in shares of Republic Airways Holdings by 97.6% in the fourth quarter. GLG LLC now owns 5,038,625 shares of the company’s stock worth $19,802,000 after buying an additional 2,488,683 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Republic Airways Holdings by 24.2% in the fourth quarter. Deutsche Bank AG now owns 752,388 shares of the company’s stock worth $2,955,000 after buying an additional 146,827 shares in the last quarter. Axar Capital Management L.P. purchased a new position in shares of Republic Airways Holdings during the fourth quarter worth $19,803,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Republic Airways Holdings by 18.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 498,813 shares of the company’s stock worth $1,961,000 after buying an additional 76,277 shares in the last quarter.

My guess is that these institutions and their research departments have a much better idea about what is going on with this company that everybody on this board. Furthermore, the fact that there has been such high volume with 99% institutional ownership suggests to me that there was a lot of shorting going on with this stock after the bankruptcy filing. Those shorts are going to get burned when there isn't any liquidity to cover their positions.