Friday, February 21, 2020 7:28:15 AM
Means absolutely nothing. This is daily regsho report FTD's, which are generally covered quickly and without any significant effort on the part of MM's. It doesn't require them to cover at high prices, or in volumes or pricing parameters that do anything for BIEL's PPS.
This doesn't represent any 'shorting' of the equity in the way 'short selling' does. In fact, it's virtually impossible to short penny stock, and prohibitively costly if you find a broker that allows it.
The daily regsho has years of historical BIEL data with various amounts of FTD's, and not once has it ever had an impact on BIEL's share price; nor will it ever have an impact. This is just a distraction to make folks think the MM's are going to get 'caught' short when news hits and this will drive the equity that much higher. NEWS FLASH - it doesn't happen.
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