RE:RNX Short DataThe borrow rate (what Shorts have to pay ininterst per year) was 48% on Monday, 49% on Tuesday 71% on Wed and today is 63.26% on RNKLF
So that means if you short $10,000 of it, you have to pay $500+ per month or $6,326 per year!!! (Interactive Broker data)
It is a "Hard to Borrow" stock, in upper 1% of shorted stocks. In contrast TSLA is only 1.51% borrow rate today.
So yes they are in deep yogurt, already with 150% losses for week and paying 63% interest. They should just get out and they have a bunch of shorts or it would not be one of the hardest to short stocks out there.
This is a site for shorts to see up to the minute short borrow interest https://iborrowdesk.com/report/RNKLF
Recent Data
| Fee | Available | Updated |
| 63.6 % | 40,000 | 2018-09-14 12:00:03 |
| 63.6 % | 40,000 | 2018-09-14 11:45:03 |
| 63.6 % | 40,000 | 2018-09-14 11:30:03 |
Cheers