TLRY borrow rate at IB is.......

I was going to short this the other day at 90+ but figured it would skyrocket to $100+ but I guess it didn't and from the looks of it this stock is certainly overvalued.
 
If you were short Wednesday on the close - the shares settle today and you would be paying 381% for three days interest (Fri-SUN). Or about $2.50

So short Wednesday - cover Thursday. You might make $1 shorting the stock but have $2.50 in borrow fees.
 
unavailable at IB as well However, if you were short Wednesday night - you got yourself a large delayed cost.

And the rate just changed to 190% such a deal.......
 
completely ridiculous valuation. But before the actual legalization happens in Canada (I think in October), greedy (and maybe also stoned) longs can continue to dream of castles in the sky.
 
FSU said:
No shorts available at our firm.
More...
I do not know our overnight rate, but right now our clients can get a locate from a third party for $0.55/share. Expensive but you can sell short.

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mskl said:
unavailable at IB as well However, if you were short Wednesday night - you got yourself a large delayed cost.

And the rate just changed to 190% such a deal.......
More...

Looks like this may squeeze to the da moon when legalization approaches. Not in it myself thou...
 
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