On Friday, the trading volume of ANTs software inc. (PINK:ANTS) suddenly exploded which made the share price surge up as well. There is only high shorting activity currently that could explain the huge volume as the company has not issued any news recently. 
ANTS share price jumped to $0.0055 during the last session and then closed the market at $0.003 for a share. Trading volume was the highest for the past year with 33.55 million traded shares, a shocking value when compared to an average daily share turnover of less than 2.3 million.
Due to the lack of news and current financial reports, the company is marked with the No Information sign on the Pink Sheets market. Shorting activity could be related to the sudden jump of ANTS stock price on Friday. According to FINRA data, 23% of the total volume in the last session was caused by short transactions, while that percentage exceeded 33% on the two preceding days.
One last 8-K from ANTs software was filed in November last year. In it, the company explains that it has issued certain debt securities to some of its investors in exchange for the cancellation of certain previously issued warrants and other rights.
As seen on the chart, that newly issued debt was not positively accepted on the market. Ever since ANTS share price started a strong downtrend that seemed to have come an end as ANTS reached a share price of under $0.0025 at the beginning of the new year.
