8 Seconds OP : Shorts are paying a premium at 78% borrow fee
GM94 : Means
Ho Lee Fuk 8 Seconds OP : im new what does this mean
8 Seconds OP : It means that as of yesterday, there were 3.5 million shares available to borrow with a fee of 78%. The price action is moving up, not down. So they will have to cover and buy back in at a higher rate and pay the 78% fee.
Ho Lee Fuk 8 Seconds OP : nice thanks my g
8 Seconds OP : Shorts are paying a premium at 78% borrow fee
GM94 : Means
Ho Lee Fuk 8 Seconds OP : im new what does this mean
8 Seconds OP : It means that as of yesterday, there were 3.5 million shares available to borrow with a fee of 78%. The price action is moving up, not down. So they will have to cover and buy back in at a higher rate and pay the 78% fee.
Ho Lee Fuk 8 Seconds OP : nice thanks my g![pray 🙏](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f64f.png)
![pray 🙏](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f64f.png)
![pray 🙏](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f64f.png)