Susquehanna is a quant shop with a average hold period measured in days of not hours.
Frigate is Anson which was short the stock in size. The company got so desperate they had to beg short sellers to cover cheap w free warrants. Shorts don't need to disclose the short side of their book and this may be from warrants they were given for free.
Lynn Factor is Sheldon's wife. These are not institutions. Sheldon's share count is stale. Factor just dumped huge as well.
There is no credible narrative that "institutions" or "smart money" is investing in ANY in any meaningful way.
Most that have have been destroyed.
You'd be surprised how dumb some of these institutions are. Recall Fidelity plowed into DSNY then panic sold at a big loss when they realized they were dummies.
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