HRT Financial LP (10% owner) bought 2,746,332 shares at $0.14 on 2026-06-01, sold 1,757,955 at $0.11 on 2026-06-02; net long 988,377 shares. Stock down 100.0% from 52-week high.
HRT Financial LP executed two separate transactions within 24 hours: a purchase of 2,746,332 shares for $378,993.82 followed by a partial sale of 1,757,955 shares for $188,101.19, leaving a net position of 988,377 shares. The pre-transaction position was -988,377 shares (short), meaning this activity closed a short position and converted it to a long position. The stock is now trading at $0.11, down 100.0% from its 52-week high of $9400.00 and down 91.9% over the last 30 days, suggesting severe distress. At the same ticker, HRT's prior two trades (a sell on 2026-05-29 and a buy on 2026-05-28) resulted in positive 90-day returns, though only 1 of 2 was characterized as well-timed at the 90-day mark. The context—extreme price deterioration, sub-penny trading range, and a micro-cap market cap of $1,605,113.62—suggests this activity may reflect forced portfolio adjustments or loss management rather than a discretionary conviction signal.