What does it mean when a stock is hard to borrow?
When a stock is Hard to Borrow (HTB), our clearing firm must utilize a third party to acquire the shares, because the stock is no longer in its inventory to lend (or is in short supply). The clearing firm is charged additional fees to acquire the stock; these fees are passed on to the customer. The fees vary based upon the market rate to borrow that specific security. All fees are passed through to the client on a daily basis.
