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NorthStar Realty Finance Corp. Message Board

  • newguy7001 newguy7001 Mar 25, 2014 9:49 AM Flag

    For What It's Worth, NRF Has The 'HTB' Designation This Morning On Schwab?

    Shorts haven't been all that active lately from my observation. Schwab doesn't comment on the short activity.

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    • Fidelity is showing 32 million available to htb designation.

      Agree on short activity lately measured by daily short volume percentage has been tepid compared to Jan-Feb.

      Short interest report out after close today. This one will show the impact of those 282,000 March calls traded just before the ex date. I think these were exercised by shorts to cover. If the writers of those calls were covered, we should see a huge decrease in short interest. However, if the writers were naked and got assigned, they had to borrow shares to deliver on the call exercise. Then it substitutes one short interest for another, resulting in no net change. We'll see tonight.

      • 1 Reply to dar200
      • I agree that this evenings short position report should give us some interesting insight to what is going on. I had a small position in the March 12.5 calls (140) that I had hedged against holding more shares after the run up post spin announcement. I exercised them just prior to the x-date to collect the dividend since the MM's weren't willing to even pay intrinsic value with a month in time value left in the position. In any case, my 140 units aren't significant, but, there may be some big positions that made the same decision. Why anyone is short NRF at this point still boggles the mind.

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