They do it to try and short the stock. Pretty simple tactic from pretty simple shorters who have no clue what they're doing. This reminds me of when Citibank blew all of their investor's money through their portfolio managers who didn't have a clue what they were doing and lost BILLIONS of investor money. Someone probably came up with a not so clever scheme to short $ENTB with 5k sells but little do they know how quickly those commissions and fees are adding up. If you're shorting $ENTB you better ask for your money back because you will lose it all. We'll just keep putting money on the bid all day. Let's see who wins
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.