Recent content by FreestyleTrader

  1. F

    Shorting stocks that get delisted

    It really depends on the broker, as not all brokers compute borrow fees the same way. But in general, the most likely scenario is that the broker marks the stock at the last trading price before the halt, and then computes borrow off of that value. However, the borrow rate can change, and...
  2. F

    Shorting stocks that get delisted

    This is currently an issue with a stock called Hongli Energy. It was listed on the NASDAQ, and then one day it was halted roughly 1 year ago, in April 2017. The company wasn't up to date with its audit filings, and never filed them. So NASDAQ kicked the company off the exchange, it was...
  3. F

    IB: How to cover short position in a delisted stock?

    Hey m22au - I'm curious to know if you ever resolved this issue with IB? I have been short a delisted stock in the US for 1 year now, called Hongli Energy - ticker CETC. It was delisted but never declared bankruptcy, it hasn't been marked down at all, and I am still paying borrow fees. Were...
Back
Top