I’m not sure how the dividend scenario applies t

I’m not sure how the dividend scenario applies to IPIX since they don’t have dividends. As for interest, I doubt MMs will leave any trail for billing the NS because it’s illegal. I mean the brokers are probably not going to say “you owe us $1000 interest because we naked shorted 10,000 shares of IPIX for you” in the statement.

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As to monthy interest on naked short shares, I am sure the MM is billing the short share sellers as that is their profit from doing business.

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