Namaste Canada short interest is at $17.16 million with 11.77 million shares shorted. This represents 4.90% of the float. The stock borrow fee is at 34%. With the average Cannabis stock borrow cost at a 15.75% fee, Namaste is a very expensive stock to borrow.
Namaste US short interest is at $5.26 million, with 3.58 million shares shorted. This represents 1.49% of the float. The stock borrow cost is at 34%.
There is not much stock left to borrow, with around 90% of the available stock borrow already taken down. Short sellers are severely constrained in increasing their positions. Any significant downturn in Namasteâ€™s stock price will be due to long shareholders saying â€śthank youâ€ť and cashing in their over 600% one year return, realizing their profits before any more of it gets eaten away due to Namasteâ€™s price weakness since the end of September.
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Managing Director Predictive Analytics, S3 Partners, LLC
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