An offer to lend shares
Fidelity left me a message about an opportunity with their fully paid lending program concerning my Novo position whose shares are in extremely high demand by short sellers who are willing to pay 7%. My shares are in retirement and cash accounts, no margin to avoid having them lent. I would think the shares are hard to borrow if Fido is calling me, never had that before, although I do own a few... What does shorty see that he's willing to pay 7% on top of the unlimited price risk?