Possible answer to your question: Funds bought at $1~$1.5. When pps reached $5, it was already 200% profit. So, they sold to reap profit. Then, they started to buy again to accumulate position at $2. Long term will be much higher than $5. IMO.
I did expect the above to happen. But, I just did not expect pps to drop from $5.44 to $2 in 2 days. This is my first US stock. I am not a day trader and not good at short-selling.
All financials are good. With $8B profit a quarter, annual will be at $32B and is increasing. For 1.2B commons, eps will be $26 before dilution. If Treasury exercises all the options (that will mean they decide to let FnF go 100% public), there will be 6B commons. Then, eps will be $5. One can expect pps to be $40~$60.
Can you share your lights on short-selling ? What are the KPIs to look at ? Did you need to borrow stocks for short-selling ? When will you need to cover your position ? Do you need to pay rent for the borrowed stocks ? GLTA.