I was previously personally miscalculating how many shareholders a company like Vasco has. It has a couple hundred but those look to be institutions. The 18,000 or so count is street record holders per the 10-K. Looks like that is par for the course for a somewhat similar company to ours that trades on the NASDAQ.
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.