Looks like this is not listed on any major exchange, it's an OTC(Over the Counter) stock, which means trades are processed manually and many brokerages charge hefty fees and trades are settled many days later(if they're are settled at all). Shorting needs stock to borrow and sell, if shares are not available to borrow for a decent fee, you can't "naked" short sell the stock which will get you into trouble with the SEC.
I am guessing the owners are trading with themselves to pump up the stock to do some fishy stuff, like borrowing against their stock assets and then disappearing or something.
You can short pink sheets, but the pricing volatility makes it pretty inadvisable and the illiquidity makes it expensive. Assuming you got your hands on a decent short position, you wouldn't want a margin call when some algorithm drives the price up 5x for a few days.
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Why isn't a very big pile of very smart money short CYNK, reducing its value to zero? Do these things take more time than I'd expect?
Looks like this is not listed on any major exchange, it's an OTC(Over the Counter) stock, which means trades are processed manually and many brokerages charge hefty fees and trades are settled many days later(if they're are settled at all). Shorting needs stock to borrow and sell, if shares are not available to borrow for a decent fee, you can't "naked" short sell the stock which will get you into trouble with the SEC.
I am guessing the owners are trading with themselves to pump up the stock to do some fishy stuff, like borrowing against their stock assets and then disappearing or something.
You can short pink sheets, but the pricing volatility makes it pretty inadvisable and the illiquidity makes it expensive. Assuming you got your hands on a decent short position, you wouldn't want a margin call when some algorithm drives the price up 5x for a few days.