Hi @Arussell125 I was chatting with ThinkOrSwim support and they told me that it's not possible to short penny stocks (OTC stocks can't be shorted). I was wondering how did you deal with this?
Hi @Arussell125 I was chatting with ThinkOrSwim support and they told me that it's not possible to short penny stocks (OTC stocks can't be shorted). I was wondering how did you deal with this?
Just spoke to the Etrade support chat and told me the same "Unfortunately, you can not short penny stocks (any stock trading on any of the the OTC markets)"
Like any other broker they classify stocks as ETB, HTB and NTB, which means, Easy to Borrow, Hard To Borrow and Not To Borrow respectively. For you to short on the HTB stocks you will need to maintain an account balance of more than $100,000 with TD Ameritrade. Thats what they told me
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