I also again got requests for all Schwab accounts. I clicked on learn more and noticed the interest rate they are paying has come down significantly from the first time Schwab asked me to loan Lightwave shares to shorts. I don’t know much about how it works, but the lower rate indicates to me their supply of shares to loan to shorts has gone up relative to the demand for shares shorts want to borrow. Is this a correct supposition?
There seems to be plenty of shares available now for the shorts to borrow. Like others have said, the rate they are now paying to borrow shares has dropped significantly.
I have a bunch of shares in a TD account available for them to borrow that have never been lent out. Don’t know why Schwab wouldn’t just call up TD to get them if they really needed shares to short. I thought they are supposed to be merging together with them anyway.
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