The carry cost for shorting the stock and securities in the stocks list below is currently above 20% annualized, and can even approach 100%. In the list of symbols below there are stocks that cost a relatively high finance charge to short. Stock brokers loan shares from brokerage account of a Customer A to the brokerage account of Customer B which is shorting the shares of the stock. The short seller may pay a high rate for shorting the shares, even after reducing any dividend income that may go the customer A (even there is dividend in the first place), the carry cost for customer B for shorting the shares can provide the stock brokers with a good amount of money without taking a price risk like customers do.

One question: do you think customer A gets anything in return for loaning his shares? Ask your broker, and you will be surprised by the answer.

This is part I. In next post we will give the list of stocks for which the rate is between 15% and 20%. Being a stock broker can be a good business!

CPF USD Central Pacific Financial Corp
STSA USD Sterling Financial Corp-WA
HMPR USD Hampton Roads Bankshares Inc
ZN USD Zion Oil & Gas Inc
FTBK USD Frontier Financial Corp
DEAR USD Dearborn Bancorp Inc
RPC USD Radient Pharmaceuticals Corp
MIPI USD Molecular Insight Pharmaceuticals Inc
HDY USD Hyperdynamics Corp
CTBK USD City Bank-Lynnwood WA
IFLG USD InfoLogix Inc
TSTC USD Telestone Technologies Corp
ABCW USD Anchor Bancorp Wisconsin Inc
ORH PRACL USD Odyssey Re Holdings Corp
MFV USD MFS Special Value Trust
AWSL USD Atlantic Wind & Solar Inc
WHCI USD W Holding Co Inc
RINO USD RINO International Corp
ANX USD ADVENTRX Pharmaceuticals Inc
ABK USD Ambac Financial Group Inc
HEV USD Ener1 Inc
CTIC USD Cell Therapeutics Inc
CGA USD China Green Agriculture Inc
MCBC USD Macatawa Bank Corp
DEER USD Deer Consumer Products Inc
CHBT USD China-Biotics Inc
IBNK USD Integra Bank Corp
FLC USD Flaherty & Crumrine-Claymore Total Return Fund Inc
HLCS USD Helicos BioSciences Corp
PSA PRBCL USD Public Storage
NXP USD Nuveen Select Tax Free
CALL USD Vocaltec Communications Ltd
CBC USD Capitol Bancorp Ltd
SCOK USD SinoCoking Coal and Coke Chemical Industries Inc
NII USD Nuveen North Carolina Dividend Advantage Municipal Fund 3
SERV USD Servidyne Inc
NKL USD Nuveen Insured California Dividend Advantage Municipal Fund
TYG USD Tortoise Energy Infrastructure Corp
BQR USD BlackRock EcoSolutions Investment Trust
ADY USD American Dairy Inc
NXC USD Nuveen California Select Tax-Free Income Portfolio
MVT USD BlackRock MuniVest Fund II Inc
PML USD PIMCO Municipal Income Fund II
AEHI USD Alternate Energy Holdings Inc
FNMA USD Federal National Mortgage Association
CACB USD Cascade Bancorp
HOKU USD Hoku Corp
MVIS USD Microvision Inc
SNIC USD Sonic Solutions Inc
CAGC USD China Agritech Inc
CRWG USD CrowdGather Inc
BOFL USD Bank of Florida Corp
ASTI USD Ascent Solar Technologies Inc
NEA USD Nuveen Insured Tax-Free Advantage Municipal Fund
NMP USD Nuveen Michigan Premium Income Fund
GMXR PR USD GMX Resources Inc
AGC USD Advent Claymore Global Convertible Securities & Income Fund
BJZ USD BlackRock California Municipal 2018 Term Trust
COIN USD Converted Organics Inc
NOVSP USD Novastar Financial Inc
NUO USD Nuveen Ohio Quality Income Municipal Fund
AWBC USD AmericanWest Bancorp
OSBC USD Old Second Bancorp Inc
PRWP USD Pro-Pharmaceuticals Inc
TVC USD Tennessee Valley Authority
BVSN USD BroadVision Inc
CCHJW USD Charter Communications Inc
AUBN USD Auburn National Bancorporation Inc
MRNA USD Marina Biotech Inc
WEMU USD Worldwide Energy & Manufacturing USA Inc
LPHI USD Life Partners Holdings Inc
KYN USD Kayne Anderson MLP Investment Co
GAP USD Great Atlantic & Pacific Tea Co
PABK USD PAB Bankshares Inc
TSLA USD Tesla Motors Inc
TGIC USD Triad Guaranty Inc
EHI USD Western Asset Global High Income Fund Inc
KNDI USD Kandi Technolgies Corp
PFL USD PIMCO Income Strategy Fund
ARTX USD Arotech Corp
ESPH USD Ecosphere Technologies Inc
CASB USD Cascade Financial Corp
ED PRA USD Consolidated Edison Co of New York Inc
FTK USD Flotek Industries Inc
FSNM USD First State Bancorporation-NM
CHLN USD China Housing & Land Development Inc
RBCN USD Rubicon Technology Inc
EPCT USD EpiCept Corp
ASFN USD Atlantic Southern Financial Group Inc
ROYL USD Royale Energy Inc
PEIX USD Pacific Ethanol Inc
AMFIQ USD Amcore Financial Inc
SNT USD Senesco Technologies Inc
ACUR USD Acura Pharmaceuticals Inc
SGAPY USD Singapore Telecommunications Ltd
PCN USD PIMCO Corporate Income Fund
FAV USD First Trust Active Dividend Income Fund
EUBK USD EuroBancshares Inc
ISRL USD Isramco Inc
URZ USD Uranerz Energy Corp
FNBN USD FNB United Corp
UBFO USD United Security Bancshares-Fresno CA
DARA USD DARA Biosciences Inc
DEX USD Delaware Enhanced Global Dividend And Income Fund
CPSL USD China Precision Steel Inc
SGS USD Stream Global Services Inc
GWF USD Wells Fargo Capital VIII
SNSS USD Sunesis Pharmaceuticals Inc
GCBC USD Greene County Bancorp Inc
MYF USD BlackRock MuniYield Investment Fund
OREX USD Orexigen Therapeutics Inc
IPL PRC USD Interstate Power & Light Co
HSWI USD HSW International Inc
SUF USD Sulphco Inc
GETA USD Genta Inc
SILA USD Gold American Mining Corp
NBB USD Nuveen Build American Bond Term Fund
BTIM USD Biotime Inc
VHC USD VirnetX Holding Corp
BKUNQ USD BankUnited Financial Corp
NXM USD Nuveen Pennsylvania Dividend Advantage Municipal Fund
JLS USD Nuveen Mortgage Opportunity Term Fund
OHBIQ USD Orleans Homebuilders Inc
VYOG USD Voyager Oil & Gas Inc
EDMC USD Education Management Corp
NEV USD Nuveen Enhanced Municipal Value Fund
RDMX USD RMX Holdings Inc
ENTN USD Entorian Technologies Inc
PCBS USD Provident Community Bancshares Inc
CNRD USD Conrad Industries Inc
APRI USD Apricus Biosciences Inc
CHNR USD China Natural Resources Inc
ADGE USD American DG Energy Inc
SJR USD Shaw Communications Inc
DMF USD Dreyfus Municipal Income Inc
CIGX USD Star Scientific Inc
ADMP USD Adamis Pharmaceuticals Corp
NAI USD Nicholas-Applegate International & Premium Strategy Fund
PLM USD Polymet Mining Corp
WGAT USD Worldgate Communications
CLM USD Cornerstone Strategic Value Fund Inc
PZG USD Paramount Gold and Silver Corp
CRF USD Cornerstone Total Return Fund Inc
FMCCJ USD Federal Home Loan Mortgage Corp
ENCO USD Encorium Group Inc


Recent Entries

Recent Comments