$RZLV- This appears more like profit-taking and short pressure rather than fundamental institutional dumping.
Ownership rotation looks like a regime change:
• Institutional long ownership jumped 64.67M shares, 488.73% QoQ.
• There are 137 institutional holders, 132 long‑only, with institutional long value at about $380M.
• Over the last 12 months: 66 institutional buyers vs 7 sellers, with $159.39M inflows vs $1.17M outflows.
That’s not “some nibbling.” That’s a full‑on ownership rotation into institutional hands. Pre‑re‑rating tapes often show exactly this: the float migrates from retail/weak hands to funds while price looks frustratingly range‑bound or still “broken.”