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Re: Slaytanic420 post# 121613

Wednesday, 03/20/2024 2:46:56 PM

Wednesday, March 20, 2024 2:46:56 PM

Post# of 122431
OTC stocks are generally shortable, but whether it makes sense depends on price and borrow rate.

The current borrow rate for Humbl is 3.5%. But that's calculated after Humbl';s share price is rounded up to $1.00, so the effective rate for Humbl is 4375%. That's way too expensive to short.

On the other hand, when Humbl was trading at a few dollars per share, the effective rate was much more reasonable.
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