Bannix Acquisition Ownership

The market capitalization of Bannix Acquisition Corp is $33.07 Million. Bannix Acquisition Corp shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 95.23 percent of Bannix Acquisition Corp outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that nearly five hundred thirty-one thousand five hundred seventy-seven invesors are currently shorting Bannix Acquisition expressing very little confidence in its future performance. Some institutional investors establish a significant position in pink sheets such as Bannix Acquisition in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of Bannix Acquisition, and when they decide to sell, the pink sheet will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.