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Topic: Selling short on less than $4 stocks.

stockonyou
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How is this possible? I asked several brokers and no one gave me a reasonalble answer! And must be done for years! How is possible that a stock with a value less than $4 and that never been that high, have a short interest data and an amount of shares short from previous month? I'm lost here. Any deep investor could have an answer on this matter, one of you guys???

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Stock_Analyzer
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anyone with a canadian account or a offshore account can short any stock they want no matter what price

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stockonyou
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But it is legal? I mean, there must be a lot of americans doing this thru canadian, but without being violating any rules or laws?

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metal1
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quote:
Originally posted by Stock_Analyzer:
anyone with a canadian account or a offshore account can short any stock they want no matter what price

I've never hear that before. Is that rule in print somewhere on the SEC site? I do know that MM are exempt from the short rule so thats probably what it is.

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