Enzolytics Inc (ENZC)

[foxi]

This doesn't look like dilution to me, and it doesn't look like longs are unloading either. I can show it if you don't mind looking at charts:


Look at Accumulation Distribution (AccDist) and OnBalanceVolume (OBV) in the chart below. Both lines are in positive territory, trended up and have held pretty steady.

Contrast this to charts (from last month) from a company with strong dilution: every time PS*U runs, it gets much more distributed, and AccDist gets much more negative, with OBV squiggly as well. https://i.ibb.co/j4hvL7y/20211007-psru-accdist.png

ENZC has been losing a lot of value on relatively low volume. The losses should be erased quickly whenever serious buy volume comes back in. Serious buy volume won't happen until the company delivers something significant, so everybody's stuck in the waiting game until then.