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.
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.