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rickn23

08/12/22 12:42 PM

#10175 RE: jdcpa1 #10174

This trades 3 to 4M average per day. 30 to 40M is big. Btw they have a small amount of debt. Working Capital is well over 100M.. this is funded..



Except when it trades over 100 million shares a day. It was doing that back in 2020, with a lot of the year with trading over 30 million shares a day. It even had a day late last year at over 100 million shares traded.

But, my point was, institutions can cover their shorts, if they are the ones shorting.

The 10Q for Q1 showed a margin loan of almost $58 million. That seems like significant debt to me.