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Friday, February 10, 2017 3:21:56 PM
You and many others always refer to Interactive Brokers when talking about shorting penny stocks - here are the Margin requirements for IB.
Maintenance Margin
30% * Stock Value if Stock Value > $16.67
$5.00 if Stock Value < $16.67 and > $5.00
100% * Stock Value if Stock Value < $5.00
$2.50 if Stock Value <= $2.50
https://www.interactivebrokers.com/en/index.php?f=marginnew&p=stk
"For short positions, the maintenance requirement on stock greater than $5, is $5 per share or 30% of the stock value, whichever is greater. For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater."
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