"The carrying costs for the shorts on PTOI have to
Post# of 43064
(Total Views: 1101)
Posted On: 06/07/2017 2:51:48 PM
"The carrying costs for the shorts on PTOI have to be enormous..."
- AlanC
AlanC seems unaware that PTOI short interest is only 17,200 shares. Since PTOI isn't listed on the SHO threshold list, it also means less than 10,000 shares have fails to deliver...so also virtually no naked short positions. That's a maximum possible short position of 27,200 shares.
The current borrow rate today is 0.25% for PTOI...which for a $0.02 stock gets rounded up to $1.00/share for calculating. For the maximum $540.40 worth of shares short, total that borrowing cost equates to $68/year at the current rate.
There are virtually no PTOI shorts to scare into covering. The fictitious short squeeze story is meant to motivate longs into buying more in the hopes of driving up the share price.
- AlanC
AlanC seems unaware that PTOI short interest is only 17,200 shares. Since PTOI isn't listed on the SHO threshold list, it also means less than 10,000 shares have fails to deliver...so also virtually no naked short positions. That's a maximum possible short position of 27,200 shares.
The current borrow rate today is 0.25% for PTOI...which for a $0.02 stock gets rounded up to $1.00/share for calculating. For the maximum $540.40 worth of shares short, total that borrowing cost equates to $68/year at the current rate.
There are virtually no PTOI shorts to scare into covering. The fictitious short squeeze story is meant to motivate longs into buying more in the hopes of driving up the share price.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
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