Your looking at a stock which should be left up to the pros. It's a dividend capture play only. IMO
Basically an institutional income stock. And the day they announced the uncut dividend, with large negative earnings, the shorts doubled down. Gapping it for new divided capture trading.
Institutional hold 98% and shorts 31%. IMO not a retail play.
Ex dividend date Feb 28 / Record date Mar 1. IMO short hedge will cover to 7.20 area by Feb 28. Mar 2 the stock will fall 1.2% on dividend paid alone and possibably continue to, with a 15% short interest.
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.