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Traders are discussing the high borrowing fees to short $DJT, with rates exceeding 500%. Despite the potential for a 100% return if the company goes bankrupt, the steep borrowing costs are a significant hurdle. Some express disbelief at the situation and question the feasibility of shorting $DJT given the exorbitant fees.
Zero shares of $DJT available to be borrowed at Interactive Brokers. Borrow cost is nearly 600% annualized. $DWAC. https://t.co/3uZHdcrwmN
$DJT borrow not available and borrow rate is above 700%. Best to not be involved short with this one yet.
I’ve never shorted a stock, but I feel like this $djt thing is madness… what’s the best way to bet this thing goes down 50% in the next six months? https://t.co/xeMx8MnYom