Cleveland Cliffs Inc (CLF)

[keep_trying]

SG, are you certain this is correct: “Shorts can not borrow shares to use for shorting when there is an order already on the shares they want to borrow from other banks. “?

Also, there being under 2000 shareholders that who, in turn, would wish to coordinate a float lock down is intriguing. One might also anticipate very large shareholders who do not wish to overlay sell orders on their holdings, even at $100 per share, since those shares may be already trading in coordination with the shorting parties in exchange for borrowed share “rent”.

I observe the size of my position is a “so what” for float lock down, considering Cliffs has just under 300 million shares issued. If those 2000 shareholders each held 50,000 shares, that locks up only 100 million shares and still leaves 200 million shares in the float being held by a small number of entities. The short interest is what? 88 million shares? .

There appear to be practical limitations on your strategy and I wonder about it being viable.
KT