AppSwarm Inc (SWRM)

[valuemanager]

SD -- I sensed the intention behind your question. Let me reply anyway: Yes, in theory, SNWT is still a decent short candidate in my eyes.

Beyond theory, your broker will lock $2.50 of your cash for each $0.15 share (margin). In order to sell a $900 short position (600 shares), you need to come up with cash of $15,000. A bit steep, don't you think?

Futhermore, I after checking with Interactive Brokers, there are currently no shares available for shorting.

BTW, I believe that getting rid of shorts was the main intention behind this split. As all the other shorties keep holding their positions tight, I seem to be one of the few who covered their short positions with a loss. So the split has hurt at least one shortie. ):

In conclusion, don't even think about shorting at these levels. Most of current short holders will cover somewhere below $0.8. Just my guess.

Remember, shorts are buying when no-one else does. (o;

Cheers,
Value