All shares are accounted for - according to float statistics, there is approximately 256,000 shares freely tradable, of the total 2.4 Million shares. Insiders own about 90% of the total shares, leaving the rest for us...
Although the volume seems low, there were actually 108,903 shares traded this year alone, including the 200 today. Market Makers play a big part in keeping a balance in trading, and often sell shares short, which plays a part in the number of shares traded.
In my opinion, this stock is wound up tightly - meaning of the 256,000 float, I believe that there are a few strong hands holding a significant amount of stock, thus reducing the shares that freely trade even more. Lets say that just 5 public shareholders hold at least 10,000 shares, and are here for the long term, with no intention of selling any time soon. Technically, these shares are still freely tradable, and accounted for in the float, but tight hands, holding over 50,000 shares, theoretically reduces that float significantly. Just because the stock trades 4,000 shares in a day, doesn't mean that all 4,000 shares were bought up and held by one or more people for that day. The shares are often sold short by market makers, and bought back in the same day, or in a short period of time, thus not accounted for in the bi-monthly reporting of short interest in the stock.
I am by far not an expert in this, and may not have it 100 percent right, and may not be explaining it correctly. If you do some research on the topic, along with searching the role of a market maker in a stock, it may make more sense to you.
Anyway, it is nice to be off the 52 week lows, even if it's not far off.... There's a lot of room for this run, and hopefully our time is near...
