If the hedgies were dumping their shares now into the public float, it would show up in the numbers. There are only 56.72 million shares available for public trading.
Understand?
Most shares are currently restricted. After their restriction is lifted, they will continue to wait to see if the company turns itself around with the Brazilian Expansion. Like everyone else, they want to maximize their profit. If the share price reacts positively, they will stick around longer. They are not impulsive penny flippers like some.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.