Lightwave Logic Inc (LWLG)

[IBB-99]

No high level explanation here, sorry. The interest rate to borrow stocks for shorting is generally based on supply and demand. The fewer shares available "hard to borrow" vs the demand from shorters. I've seen the rate as high as 62.5% at Schwab on stocks I've owned.

Schwab asks if you want to lend shares and pays you for the privilege. My understanding is that there are brokerages that don't even ask and pocket the interest for their firm. If you have shares in one of those firms, simply enter a GTC order at a high limit price and they become unavailable. Investors working in concert in a highly shorted security can use this to precipitate a short squeeze.

Any "high level" person care to comment on the actual percentage rate as compared with NASDAQ stocks in general?

Here's as short (no pun intended) explanation: https://questrade-support.secure.force.com/mylearning/view/h/Investing/Borrow+rates+for+short+selling