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Description: Traders are paying “extortionate fees” of 15% to 20% to borrow shares of Snap in order to short them, according to figures reported by Simon Colvin, a research analyst at IHS Markit.

Source: BusinessInsider.com

Date: Mar 10, 2017

Link: http://markets.businessinsider.com/news/stocks/how-much-traders-are-paying-to-short-snapchat-2017-3-1001820424-1001820424

Questions for Discussions:

  • How are investors treating Snapchat?
  • Do you agree with the valuations made on the short?

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