InvestorsHub Logo
icon url

drobx

03/07/19 11:33 AM

#1830 RE: drobx #1806

On 2/14 I posted that Schwab had contacted me offering to borrow my shares so they could be lent to short sellers. At the time the rate they were offering me was around 5.5%. Well I did end up doing it. Since then the rate has been readjusted about every 3 days or so. At first if bobbed up and down 1/4% at a time, but in the last couple of days it has shot up to 9.5%. (In case it is not clear, I get paid interest daily at the stated annual rate.) I'm not sure whether to interpret this as a positive or negative for OSTK's prospects. It could represent either great confidence that the share price will fall, or desperation to keep a losing short position open. In contrast, I am being offered 2% for my shares in Eli Lilly.