Phunware Inc (PHUN)

[NobleRoman]

Treat Carefully:



I would tread carefully with PHUN. They've always blamed shorts as part of their woes. But there is a reason shorts swarm them.

They issued this press in February:
"Phunware is concerned that the Company and its shareholders are being victimized by manipulative trading practices and abusive naked short selling with the objective of systematically lowering the PHUN share price"

https://investors.phunware.com/company-information/faq

And then accroding this, 16M of that volume on that record day is attributed to shorts:

https://fintel.io/ss/us/phun


That's a huge jump in one day. That's 2/7 of that volume that day attributed to shorts. And that's almost 50% of the entire OS of Phun. I can't understand what's going on there. A lot of people apparently disagree in its rise. That's for sure a good short squeeze. But where would it happen? Those shorts will now need a few days to cover in best case scenario if volume keeps dropping. They are either very brave, or they are just sure of themselves. I don't endorse it. I don't know how to value these deals. I just like to live life on the edge sometimes. I have free shares so I don't care. Just want all to know that danger lurks here.