I just spoke with John Tabacco, CEO LocateStock, the worlds largest third party provider of electronic hard to borrow locates. JT shared some great intel with me about LNKD and I'm sharing same with you here now:
The rate to borrow this nearly impossible to find stock (LNKD) has come down from 2 days ago, when LocateStock saw a high of 110%, to 91% today . That's a significant dip of around 20 percent, and John Tabacco speculated that this was, "probably related to options availability."
JT went on to say, "We just got a good locate on 100k shares of LNKD and day traders have taken stock at 37 cents per share, today through LocateStock's MATADOR platform. It seems to be loosening up, but not in a huge way although that may be a factor of all the big boys (ie syndicate members) keeping the borrow rates super high to ward off substantial size short sales."
