Avid Bioservices Inc (CDMO)

[stoxx]

Just makes one wonder how many of the 400m shares traded under $.50-.28 in the last 12 months are in hedge funds hands? What is setting up to happen?

Few notes:

Second, the confidential holdings are more likely to consist of stocks associated with information-sensitive events such as mergers and acquisitions,

Confidential treatment allows hedge funds to accumulate larger positions in stocks, and to spread the trades over a longer period of time; such a relief benefits both informed and liquidity-motivated trading.

Hedge funds trade about three times more in the confidential stocks compared to stocks included in their original holdings; they also take almost three times as long to complete the accumulation of the confidential stakes.