CTB
Cooper Tire & Rubber Co.
stock NYSE

More importantly someone with knowledge on the matter able to direct me to this CTB number thats "gone up 200%"

Short explanation on why a merger announcement (or spinoff and sell) will be coming this week. There is always a possibility that it might not, but if it doesn't, BBBY is going a totally different route.
As of Monday, anyone who has common shares by the end of the trading day is allowed to vote. Depending on the institutions that lent out their shares, they may claw back so they can vote sending the CTB to probably an ATH.
The warrant agreement has very tight timing; they have until April 3 to get the price above $1, thus making Fridays closing price a requirement to close at $1 as the share price would be under $1 at 12:01am even if they got a PM rally.
In order to guarantee this happens the Reverse Split must happen before Friday.
That gives less than 5 days to gather votes, vote and implement. Very stretched target here, so it sounds pretty off to be doing this.
With the reverse split they are issuing a new CUSIP and anyone really familiar with this, is it is normally changed because of an identity change (commonly mergers and acquisitions).
There is some DD from people claiming the naked shorts have to be covered by the reverse split and CUSIP change, but that's just another possible catalyst to drive this thing.
The real driver I see is the announcement of a merger as why else would you issue a new CUSIP for just a R/S?
My view on this is that the R/S is a distraction to get more people to short it (because that's what usually happens), but also to call back the institutions loaned shares. I also do believe if we get the spark from a merger or getting acquired this week, we will not need the R/S and will become even more bullish.
The announcement should be this coming week as well so that they don't need to go through another CUSIP change. CUSIP's are also done through the American Bankers Association, so we may see some action around the banks for this as well.
But don't forget we also have a catalyst of GME that has not released their 10-K and that is due I believe Tuesday or Wednesday.
So many bullish reasons why it should happen this week as if there is no merger then they need to have the R/S completed by Friday (which I don't even know is possible). I doubt they are going to just keep making weekly extensions, just seems like a lot of paperwork to keep doing weekly.

Meh. We've seen CTB go way high plenty of times. Won't make a difference. They still control the price.

No “maybe” option. There are some signs that point to a small squeeze potentially but also some misconceptions and misinformation being distributed. The free float is slightly larger than had been suggested in some posts. Hard to know for certain for a couple of reasons…but my estimate is somewhere in the 3mm neighborhood. A couple hundred thousand shares were just released by insiders for tax withholding purposes. There is also about a 2mil share warrant/note wall just over $3. There is also an SPA that hasn’t yet been utilized…but could be at any time. PXMD has a pretty substantial cash position, but I will say that bio companies prioritize cash runway above all else. Trials are costly and long…and being able to ensure support of ongoing projects is highly important to any of them. CTB is fairly high, but has actually been decreasing slightly recently which generally isn’t a great sign. I’d keep an eye on that. People tend to have misconceptions about CTB in general and forget that that cost in annual and most short positions aren’t held for that long.
In short: could it squeeze a bit? Sure. The fundamentals aren’t perfect but they are pretty good. A catalyst to drive heavy buy volume would likely be required and I haven’t researched their pipeline to see what might be upcoming, so I would start there. Check the drugs, look them up on clinicaltrials.gov, and find out about study completion dates and scheduled updates.
Going into any trade you should always consider the risks and potential pitfalls as well, this is part of any thorough DD, so the above info is not intended to be “FUD” (which I personally think is the dumbest term ever and gives proper research and risk management a bad name)…it’s simply intended to lay out some of the potential risks.

Great answers here!
So I imagine a huge motivator to driving the price down is to lower their CTB? Although the rate is high, it sure makes a difference if that rate is against .80 share vs 3.00 share.
How do they drive the price down so hard with such a huge skew in supply/demand? Is this just continued naked shorting and digging a deeper hole?

CTB hasn't been up much at the big players (ie, Fidelity). Stats on the smaller players don't matter.

Better an increase in the CTB than the CBT. I couldn’t handle another Tuesday like that!

They sold them to a person, who own the synthetic share. So they dont pay a CTB fee but at some point will have to deliver (actually buy a share)

One more point to touch on. The retail borrow cost has been over 100% since January:
https://chartexchange.com/symbol/nasdaq-bbby/borrow-fee/
Normal stocks go anywhere in the single digits. I've talked to BBBY shorts on a different subreddit and they even said how rough the CTB was. For example, GME is in the 20-30% range, up from 5% weeks ago.
While non-retail likely has a better borrow rate, it shows the underlying stock is expensive to borrow.
The cost to keep a short open on BBBY isn't cheap. It's also quite dangerous to keep one open, as you could expose yourself to unlimited losses.
Most of the people I've talked to retail wise that think BBBY is going bankrupt don't even have an open short at this level.

Fundamentally shorts have 3 options.
1)Sell more shorts
2)wait
3)buy back and close short
All three are fucked right now.
1) they just hit the bottom wall where buyers will gobble up any sell. Adding shorts here only makes option #3 harder when it eventually comes.
2) they can wait here at the bottom but they bleed $0.05-0.08 per day. Most shorts are entered around $2. Those low shorts need to exit and stop the bleed.
3) they hit the floor where there are buyers below them, but above them is open air, nobody is selling. They are 500k shares short. If they cover 50k of them this will be up to $2.75 in a heartbeat. Then fomo kicks in and it’s over $3. Then what does the short do with the other 450k shares they’re short on at a price of $2 and bleeding 450% CTB per day?
People will see the red says and say this one is over. It is just starting. It’s going to get crazy.

Bleeding for the last year - Only been on Nasdaq since August…. It’s an early stage pharma company, it will use funds until the drugs are ready. 93% Insider is bullish, how do you say they have a history of dilution when they’re 93% insider owned. You are truly pathetic….
Daily volume is down - Yes compared to yesterday. In the last week this has traded something like 40x the free float. The low volume today was a clear indication that shorts hit the floor, and hit it again and again. This is the center of the hurricane, it looks calm, but the backend of this is going to be hell for shorts.
Do you think you’re more clever than LIND partners who just handed them $3.7M in cash 7-weeks ago on 2/2 on an effective price per share of $4/share. Do you think you’re more clever and you’ve done more DD than LIND did 7-weeks ago? In this financial environment for someone to hand over nearly $4m cash to a company your potato brain is calling “failing” would be lunacy.
My thesis is not simply it’s shorted so let’s go to the moon. If your brain could function and you could comprehend the DD you would see that these shorts are in a particularly precarious position given the nano-free float and the 450% CTB. The average short position is probably around $2. Their position erodes 5-cents per day just from the 450% CTB fee.
Nice try, but everything you and your buddy say just makes you look dumber.

Ortex Guy here with your 03/24 Closing Bell Ortex Update (AMC+APE).SI,SoL, DTC continue up for AMC, CTB up. Utiliz. at 100%... Closed M$5.61,T$5.81,W$5.87,T$5.92,Today$5.92(same)… Current Mood: Bullish Exchange Reported SI today, have an awesome weekend fellow apes

Exactly.
It's my understanding that the Warrants and Preferred shares are treated the manner as Restricted stock are and do not affect the Float until they hit the market as common stock and until they are able to get traded back and forth. This is the theory I'm going with as to why SI, CTB, FTD etc... are still out of control. If all exercised is where the total O/S is coming from.

Regarding RiightYouKnow go read the whole thread. I point for point shut down all of the misinformation he was spreading. It’s embarrassing for him.
You are right, now of high Short% companies out there. This one is different because of 93% Insider Holding making the FF 818k shares. Low chances for dilution at these prices. The short position on the stock is at around $2/share and each day the 450% CTB free is eroding their position by 5-cents. They can’t afford to hold on but they cant afford to close because closing will rocket the stock.
Nice try, you’re making me look smart, and I’m a potato.

It was at 40% yesterday. CTB went down today and the number of shares available to short went up

Hey man! You smelling anything interesting with the rising CTB?

2023-03-24
/u/DogshitHandGrenade
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**PXMD - Squeeze Imminent DD**
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PXMD Shorts have hit a WALL yesterday and today it turned into a CONCRETE FLOOR. They slammed into this concrete floor today with anothe 40k shorts. They are insanely stupid.
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https://preview.redd.it/ok930h9w4qpa1.png?width=718&format=png&auto=webp&v=enabled&s=5b5dc31d76a44d0ede71ff1cd7133994fa4d92c1
Take a look below. They don't have the shorts to drop the price anymore, and they can't cover becauase volume has stopped. The stock is barely trading 1k shares per 10-min candle. A $6k slap the ask will light the fuse to rocket this above $2 in a milisecond. We are all a heartbeat away from missing the lowest entry price you'll ever see again.
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https://preview.redd.it/11w7ecdc3qpa1.png?width=263&format=png&auto=webp&v=enabled&s=5142076e36d6ece43b6e8687bcea384f0673e5a1
Maybe they can sit here for a couple days but at 450% CTB they bleed $0.05/day in fees. They can't stay here long, but they also can't cover cause that will set off an atomic bomb short squeeze. they are not in a good spot. Market Makers also likely sitting on a mountain of FTDs from the 40x the FF of trading that has taken place in the past week.
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This is not financial advice. It's my opinion that this has slammed hard on a bottom and this is a low-risk entry point on a multi-bagger.
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Party on Potatoes!

The CTB is still not 40x higher. That’s an outright lie. I’ve looked everywhere and it’s right around the same as it was in 2021. The float is much larger than it was in Jan 2021. There was dilution and then a stock split so even with the DRS numbers there’s still a lot more available shares than Jan 2021.

With a hundred thousand shares available and a CTB that’s decreasing. WTF?

Data from Fidelity showing Annual CTB interest rate number for the GME Stock