Penson Worldwide Inc fka PNSNQ

[BigBake1]

Actually NITE is not shorting it, in fact NITE owns no positions in accordance with their 13F filed. Now an instituional investor has in fact shorted it with a little over 2 million shares starting in the begining of October and has yet to cover in accordance with the Short Interest report. That should be in the .05 range and if this continues moving up they will be forced to cover that huge position.

I doubt it, in fact Apex is generating revenues, with over 33 million on the books, it is not going anywhere anytime soon. In fact Apex is quite stable for the moment and can actually increase in price to it's booked value. They avoided BK here for now and it appears they are on track on retaining their clearing business.