Traders are paying 'extortionate fees' to short Snapchat (SNAP)

pulse

March 9, 2017 3:27 PM

Short sellers are charged 15% to 20% borrow shares of Snap.

Snap IPOs on the New York Stock Exchange.

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.

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