Went from $1 recently to .45 and went OTC in the process. At the same time, it didn’t drop when earnings were bad and it barely trADES.
wHAT DO YOU THINK IS GOING ON?
OTC so transparency is limited and is hard to say. Some of the volatility is coming from short sellers. BONT saw a huge increase in short interest in the month of October. As of October 31st, there was short interest totaling 2,229,479 shares, an increase of 43.4% from the October 13th total of 1,555,238 shares. Based on an average daily trading volume, of 9,467,925 shares, the days-to-cover ratio is currently 0.2 days so too low for a short squeeze. Currently a whopping 18.1% of the company’s shares are short sold.