CLCT stock down 9.13% today

[CuriousGeorge]

Originally Posted by joshuanip

It's not the shorts, the borrow actually increased from Friday and the borrow rate remains at 2%. Also, we are talking just about 1MM market value traded today, too small to make it count for the book. This is just retail selling. But it has the same affect/pressure!

There was short pressure on the stock all day. Problem is it’s so thinly traded any selling pushed it down so don’t confuse a slightly elevated volume day with just retail selling. Hard to sell a lot when there’s no buyers and market makers won’t take volume.

[joshuanip]

Originally Posted by CuriousGeorge

There was short pressure on the stock all day. Problem is it’s so thinly traded any selling pushed it down so don’t confuse a slightly elevated volume day with just retail selling. Hard to sell a lot when there’s no buyers and market makers won’t take volume.

short interest <1% of float.

[CuriousGeorge]

Originally Posted by joshuanip

short interest <1% of float.

Not a ton of stock available to borrow.

[joshuanip]

I see 1M available at MS. Im sure GS has similar size, its easy institutional borrow.

[egbeachley]

Still up 60% for the year.........

[CuriousGeorge]

Won’t be for long.

[pgconboy]

Hopefully they drop another 9% tomorrow.