RE:Broker 99 Jitney buys his short sale stupide guy... zzzzzzzzWell... Jitney is also a bunch of fairly advanced traders using one of the various trading packages offered by that brokerage. I think a lot of that crowd are day-trading the volatility of this stock. Among others, they are the more advanced retail traders who have decided to make trading a profession.
Some of the longer term shorts, especially those in the private placement that came off hold Mar 21 are probably selling things down using their PP shares under "anonymous". That would account for a decent chunk of the heavy anonymous selling. They would know that anonymous selling is "scarey" to retail investors and so it helps with the agenda of dropping the price lower to make more on short positions. There is a good sized buy side to the anonymous activity as well and that could be some of the covering. The covering could be happening under any of them though .... to avoid scaring up the price, they could well be avoiding anonymous for covering.
The important thing to bear in mind that this is a temporary strategy. Ultimately the PP holders who are hedging their positions by shorting do ALSO want their PP shares to gain value. Once the shorting fizzles, the same crowd will be helping push the prices highe.
IMO