Avid Bioservices Inc (CDMO)

[skweze]

CP,

Thanks for the insight on trading practices.

A MM moves the pps only be quoting the Bid and the Ask and populating the L2/L3 stack. And as they, just like us, must honor their L1 Bid and Ask for the given volume if it gets hit (when a trade happens) they must short if they don't have the shares.

So does this type of shorting to maintain liquidity appear to L3 traders as buying pressure, selling pressure, or both?