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 Namasteās stock price will be due to long shareholders saying āthank youā and cashing in their over 600% one year return, realizing their profits before any more of it gets eaten away due to Namasteās price weakness since the end of September.
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Managing Director Predictive Analytics, S3 Partners, LLC
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