Yup, Fidelity is offering me an annual rate of 17.25% and charging the shorts an annual rate of 26.25%. The interest would be paid daily, including weekends.
The big shorts are running up some huge interest charges. Kind of like credit card rates when you have the worst possible credit rating.
I'm looking forward to the day when the shorts are unable to deposit the necessary collateral and the brokers start buying to cover their short position in order to provide the collateral for the borrowed shares.
So you are saying that you have friends who own ANY and those friends told you that Schwab and Fidelity called them to see if they could borrow their shares? And Fidelity offered them cash money to do so? Wow! I've never heard of that happening before. Has anyone here been contacted?
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