Here is a screengrab of the data. This chart shows available shares to borrow as well as the fee rate. The blue bars are at 15 minute intervals. The stock is VERU. For about 2 weeks now every trading day at exactly 1 hour and 30 minutes before open, 2+ million shares become available to borrow. Then exactly at open, the majority and sometimes all of those shares are seemingly borrowed. As of the 14th, the fee rate was as high as 148%. This pattern has developed since that date and the fee rate has steadily reduced to the 17% in this screengrab.
The website I'm using is shortablestocks.com . I'm wondering if this information is even accurate, as it doesn't seem possible with the corresponding volume in those time intervals, particularly in the pre-market. On the rational side of things, I feel like the data is just wrong somehow. However, if the data is accurate, what could explain this? I don't want to put on my tin foil hat just yet and yell manipulation, which is why I've posted in this sub. Of all the stock subreddits I've seen, this one seems to be the most rational about things. So what is happening here? I appreciate any discussion you can provide. Thanks
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