Penson was bought out by Apex Clearing, it is still the same, it is a Reverse Merger Process.
2 million shares is a lot when there are only 28 million outstanding shares, that is 7% of the total shares issued, and more than 10% of the trading Float. It takes just 10% of average volume to influence a security trading direction. @ million is huge in the scope of things currently.
I have no idea if they will report again, I am certain that all depends on the PPS. They do not meet the minimum requirement to be listed on the NASDAQ any longer.
I doubt they waste the money filing, as being a fully reporting OTC security means very little to the clientel they deal with.
I stated twice yesterday it is currently purely TECHNICAL in basis, a solid bottom is in place after the stock was vastly oversold. It creates a bounce effect, where it goes from here is anyones guess. But technicals will ikely play the GAP betwen .05X to .07 and likely higher.
There is no notice or filing involved in covering a short position, you will just see massive volume flow in once the price starts running up and then that will increase rapidly as well as the buyer tries to purchase 2 million shares at the cheapest prices possible on the Ask.
The next Short Interest reporting period that covers this date will be mid January.
