HUMBL Inc (HMBL)

[I-Glow]

So the short interest for the two weeks prior 04/14/2023 there were 2,996,022 shares.

That is about $16,000 over 2 weeks or $1,600 per trading day.

If anyone shorted HUMBL at the current price is laughable.

First you have a borrow rate on the shares you borrow and that would be 3+%.

You would have to have a margin account and there are margin maintenance fees etc.

Then for ever share you borrow to short you wou need $2.50 per share in your margin account and you would have to maintain that.

If anyone wanted to short 1 million shares of HUMBL you would need to have $2.5 million in the your margin account.

So the lowest you can go is $0.0001 but the current price is $0.0054 and let's say it goes to $0.0030.

So you buy 1 million shares at $0.0030 that would cost $3,000 and you sold the borrowed shares for $5,400.

Let's assume it took 30 days to go to go to $0.0030.

So you made $2,400 in a month minus the fees listed above - plus you have $2.5M tied up in your margin account - so no wouldn't be financially feasible and there are many reason why shares are counted as Short Interest.

Here is one way shares are counted as Short Interest but there isn't any real shorting.

If a sale is being initiated by the holder of restricted 144 stock, even though the owner of those shares is technically a long, the sale is listed as a short sale because the actual certificates are not yet "clean" via the transfer agent.

IG