Star Navigation Systems Group Ltd C.SNA

SNA Short interest....How to prevent it.....

[LIONSINVESTING]

SNA.CN SHORT INTEREST

Off-Exchange Short Volume	17,100 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio	30.48% - source: FINRA (inc. Dark Pool volume)

How do I stop my broker from lending my shares?

 

 

All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today's price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes

[LIONSINVESTING]

SNA.CN SHORT VOLUME DATA DATE S. SALE TRADES % TOTAL TRADES S. TRADED VOL. % TOT. VOL. S. TRADED VAL. % TOT. VAL. APR 15 2023 89 6.964 1,245,000 3.864 84,715 4.053 MAR 31 2023 230 10.314 6,213,000 9.349 445,845 10.227 MAR 15 2023 33 7.174 593,000

[pikeroo_007]

That is not a bad idea in some cases, but in this case i would not bother as short interest is very low, it has actually decreased.  I would not risk losing my shares on a quick run up.  If you can follow like a hawk and cancel when bid comes near then yeah go ahead.  If there is a chance you cannot cancel you are at a high risk of losing your shares.

[LIONSINVESTING]

You have valid point. What could be the reason for this price drop then? Profit Taking???