Sears Remains an Expensive Stock to Borrow

Sears (SHLD) is expected to announce its earnings on Thursday. We have seen a slow and steady fall in the short base (percentage of shares outstanding on loan) over the last few weeks and it's currently at 10%. This represents 97% of the total shares available for borrowing.

This remains an expensive stock to borrow, which has seen the price jump 8% over the past week. It currently takes 9 days to buy back this stock.

Comments

[Ryan Healey]

Another version of this story I read said " The company’s combined same-store sales fell 2.3 percent as appliance and tool sales at Sears stores fell." WOW, I have never purchased a tool at Sears, but I continue to get thick tool catalogs in the mail every few months from Sears. I have often wonder why this company would blow so much money on postage and printing of a special tool catalog to those who have never purchased tools. I see that has worked REALLY well for them! 2.3 percent decline in sales! Terrific results, Sears!

2009 Nov 19 10:00 AM