I just looked, yes the shares have dried up It looks like they have a large cushion though I’m showing that since Tuesday they have borrowed and additional 1.6 Million shares (28.6) that is the most shares ever borrowed. The question is who is holding/controlling those 6.5 million shares and what is their motive. Shares actually shorted is at 22.1 million. I’m showing their cost to borrow now is between 19% and 20% the brokers take half. Anyone loaning shares will provide insurance for the shorts to locate shares to short, short them in the morning, as long as they return them by the end of the day the lender will not get anything. I'm not going to do it.
I’m curious what the lightwave wonks will learn about the partnership today.
X what I would like to see is an institution call back 1 million shares per day for 21 days, ok lets take it easy on them call back 100,000 shares per day for the next year. How about just from now until the end of quarter. There is more than one way to force a squeeze ya know.
I just thought of something if a short sells say $2 Million dollars worth of shares but only has 1 million out ( initial margin requirement) and the interest rate is Say 15% that 15% is on the $2 Million so the actual cost to that short is 30% ouch. When the price doubles that 30% is now on 4 Million. The brokers love it because they take over half of it, the brokers may be holding some of those borrowed shares to increase their fee on the 80% they have loaned vs the 20% they borrowed their cost is half of the 15%.
Let her run
X
Bullish
