TLRY US\CN short interest is $286 million; 3.43 million shares shorted; 33.24% of the float with a stock borrow rate on existing short positions at 182% fee (per annum).
There is very little stock loan available in this name and there is not enough stock available for any large short sales.
Stock borrow fees are skyrocketing as demand continues to grow, I am seeing stock borrow rates from 600% fee to 900% fee today.
With no short side pressure on this name in the near future – it will be long buying and selling pushing TLRY’s stock price up and down.
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Managing Director Predictive Analytics, S3 Partners, LLC
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