Replies to post #9988 on 88 Energy Ltd (EEENF)

[Midwestrader]

Shhh....your going to upset a lot of people who love to blame shorting for their OTC penny stock going down. Brokers used to also charge a very high premium per share to short any penny stock making it like you said, pretty close to impossible to short.

They love to quote those "shorting" web sites that have ridiculous numbers of 40-60% of the shares being shorted. Most of that is MM not having enough shares and borrowing and then covering just minutes later. OTC Markets has a accurate count of true shorting on a stock that MUST be reported to them by brokers. Their usually a couple of weeks old.

The problem with most penny stocks isn't shorters,it's flippers who never want to hold for more than a few days max. And...how they just have to sell on a Friday so they don't "hold" until Monday as if the markets are open on Saturday and Sunday.

EEENF:

Short Selling Data
Short Interest
176,437,312 (100%)
03/15/2021


Significant Failures to Deliver
No

Practically, 'borrowing' the shares to short is pretty close to impossible.