Samsa, I would call it a reparation borrow. They planned to cover their naked short within 3 days, but then the price goes up. So if they want to keep the Short open beyond the third day the need to borrow, to avid trades failure and the risk of being investigated.
The 30? cost of borrow tells there just a few shares left for lending.
Normal rate for a stock like ipci would probably be 5? (but I just have experience with mid to big caps which cost from 0.5% to 2? under average conditions)
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