The end of November marked a new period for Advanced Battery Technologies, Inc. (PINK:ABAT). This was the time ABAT started trading on the OTC market after it was disqualified by NASDAQ.
Since that moment there has been a notable increase in the trading volume of the stock. On the first day on the small cap market, nearly 5.5 million shares were traded.
Apparently, a lot of shareholders were trying to get rid of their caveat emptor marked stock while the going was good as the stock slid down 58% to $.41.
The following days, however, the stock rallied significantly and pushed up almost to its previous support at $0.1. On the last trading session, ABAT finished at $0.9 per share, or 36% higher than the previous close.
The liquidity of the stock still remains higher as nearly 1.6 million shares changed hands yesterday. FINRA points out that 811 thousand of the traded shares were exchanged in short transactions, which is 52% of the whole volume.