Short Interest Update - as of Apr 30 - Went up slightly
I just ckecked the short interest, the stats were as of Apr 30, there were 215.73k (up from 214.95k). Someone certainly gave the stock a big shove yesterday. I don't like that this happened so close to Q1 coming out. I have never known PBL to be a "leaky" stock in anyway (someone having information before it becomes public).
The US dollar remains strong and there have been no warnings of any kind. Hopefully, the stock rebounds after what appears to be an unnecessary downward move.
I have noticed the low liquidity makes it suceptible to being "pushed" around by a single order. I have suspected for some time that pro traders accumulate positions and run it up and sell their positions because with a small number of shares purchased they can move the price around quite significantly.
The record year end results should bode well for a good Q1. Over the long-term the real value of the shares will prevail.
Does anyone else have any insights into yesterdays downward pressure?
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