But the average daily volume has nearly doubled since December 13, which is just a little over a month ago.
The question is what's causing it. Is it dilution? Is it excited investors returning home from the tour? Is it market makers (knowing dilution is in the pipeline) playing games and piling on, getting their pound of flesh?
After looking at the numbers, I'm leaning in the direction that dilution is continuing at the similar percentage of volume, which is 1 in 3 shares traded.
That would mean about 6.5M shares have already hit the market in the past month (plus a couple days).