ProGaming Platforms Corp. (PPTF) Short Sale Volume Increases Significantly
Yesterday, following the release of a shareholder letter from the CEO, ProGaming Platform’s stock rose more than 16% on strong volume of nearly 300,000. With the exception of Tuesday of this week, it was an all-time volume record. But investors should note that the majority of the shares traded were shorted. Keep reading to learn why this is important. When investors short a stock, they are simply selling stock they don’t own with the promise of buying the shares at a later time. The investors hope to buy the stock back at a lower price so their trade makes a…