NIO short interest is $419 million; 52.34 million share shorted; 6.80% of its float; 85% stock borrow fee on existing shorts and 300% to 500% fee on new shorts.
NIO shorts are down $51 million in mark-to-market losses for the year, with their fortunes taking a turn in their favor with a gain of $111 million in mark-to-market profits yesterday and another $52 million of profits today.
Unfortunately, with NIOâ€™s stock price steering in the shortâ€™s direction, there may not be a chance to put on any short positions in size with stock loan availability minimal until after NIOâ€™s IPO lockup expires on March 11th.
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Managing Director Predictive Analytics, S3 Partners, LLC
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