Supreme Cannabis Company Inc. (The) T.FIRE

is this helping fire

[jfogarty12]

Lower borrow fees, weaker results helping reduce likelihood of cannabis-related short squeezes 

"Short squeezes" in the cannabis sector are being drastically reduced thanks to lower borrow fees as well as weaker quarterly results, reports Bloomberg News. The newswire cites recent figures from financial analytics firm S3 Partners that found the average stock borrowing fee for the pot sector declined to 11 per cent last week, down from roughly one third from the beginning of the year. That comes as more investors choose to go "long" on some cannabis companies, according to S3's managing director Ihor Dusaniwsky. Pot-related short value stood at $2.6 billion as of last week, down by about $876 million from the beginning of the year.