Reduced number of shareholders: For some reason, the company not only withdrew its capital, but also had a large number of retail investors, which probably indicated that the company's fundamentals deteriorated, which led many investors to stay away from it.
It's always sideways, so it's easy for bulls to cut the meat and go out: because the stock has not risen for a long time, investors who can't stand loneliness have chosen to abandon the stock. Retail investors, in particular, have no patience to stick to a stock that hardly moves.
Or that big bookmakers have been suppressing capital allocation, and funds can't support withdrawal: there is no problem that funds can't support withdrawal, and funds are all big funds. Even if they buy stocks, they are only a small part of their assets. Even if this part of the investment is unprofitable for a long time, they will not easily choose to quit. There must be a deeper reason. Secondly, according to what you said, the stock is sideways for one year and the banker is financing for one year. It should be about the same. It is still sideways, which proves that the unit has no strong institutional involvement.