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I believe the technical term is…”shorts are fucked” 🥵🌶🚀
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Supply & demand.
Less available (authentic)shares to short with.
Because they’re hard to come by those that do have some available to borrow/willing to lend out, can charge a higher premium to short sellers.
Basically: “we know you need these shares to sell short, so we’re gonna charge you what we want & take it or leave it”
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Exactly