Royal Nickel Corp. RNKLF

The shorts are back, Fidelity 100%, Etrade 7%, IB 60%

[Geodan2]

Well it happened.  I have only 2 of accts reporting at IB, BUT both are at 60% RNKLF lent! from zero almost every day for for 2-3 months.  IB is proportional so every acct should be 60% lenbt tonite.  I am getting paid 16.16% which translates into about 33% annual simple paid daily because of the $1 collateral per share rule of IB and Fid.   Wowie Zowie.  It makes sense due to Fid being suddenly being 100% lent but I blinked in disbelief after so long at zero lent.

 

This is profound.  Whereas on questions lately about short squeeze possibilities have said it's greatly diminished due to lack on lending at IB.  Well that is all changed. Zero% to 100% at Fid last week, 7% at Etrade steady for months and now zero to 60% at IB today which is #1 broker for short availability.   https://iborrowdesk.com/report/RNKLF  the shorts pay 42% x 2 for $1 rule so 84% annual!.  And they are taking 60% of the stock availible at IB 

 

So indeed RNKLF is again very vulnerable to a short squeeze. A big nugget 10,000ish oz find PR and like in Sept it can take off like a rocket due to the large short position

 

Cheers