If there is one thing I’m allergic to when I’m shorting a stock it’s a high borrow fee. When I started shorting Globalstar earlier this month the borrow rate was below 1%. Unfortunately that is changing and at the moment you already have to pay more than 5% to borrow to stock. Because of that I have exited my position today after already reducing it two days ago (when the borrow fee started to rise). My timing is a bit crappy compared to what would have been possible in this time period, but can’t complain with a 27% return in less than two weeks.
No position in GSAT anymore