RE:The bearish case Well, Mr. Short Role Player, you haven't convinced me just yet. Not by a long shot. I do think that there will be decline in covid related work, but as for years of declines, I'm not buying that. I'm not even sure if this stock is shortable...maybe...but it's definitely not my style to short so I have no real clue. With such small volume and the wild swings that can occur when any buying does come in one would need to be brave indeed to short PHA.