Attention! SNDK is starting to show short-selling signals
Last week, there were short-selling signals in crypto, with $SNDK US stock short borrow fee rate holding steady at 0.28%, including the intraday highest, lowest, open, and close all at 0.28%.
However, today the borrow fee rate rose to 0.43% (Figure 1, source: iborrowdesk).
Over a longer time span, the last two times were July 24 and August 5, both showing an increase in borrow fee rate along with a decrease in the supply of borrowed shares. On these two days, SNDK closed with bearish candles.
It is still during market hours now, so final data will be checked after close. Brother Feng is opening a mini short position first.
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