jonnoarmo

Short Idea: Terra Nitrogen

For all those Shorts:

-The float is 25% of outstanding, of which 9.3% of that is held by institutions, and 3% shorted. That makes for an extremely thin float.
-Every Quarter, the shorts have to pay out the distribution, making it painfully expensive to be short this stock.
-It is a hard stock to borrow for the above mentioned reasons, and you are charged a high borrowing fee.
-My broker told me to transfer all my shares from my Margin account to my Cash account. This will make it nearly impossible to short the stock further and will result in the short stock out there being called in.