I use Fidelity and have been able to short about any stock (for example, last year I got 4,000 shares of SIEB with only 800,000 float). I tried KREM once last week and the order was rejected. (I only placed my order online instead of calling the trading desk. Sometimes I have called the trading desk and they have gone to other brokerages to try to find me shares.) Because of Fidelity's size and mutual fund holdings I figure it's about the best source there is. I am wondering if anybody has been able to short shares through Fidelity.
I use Ameritrade, and they said my order was rejected by the market maker. According to them, it's a catch as catch can kinda thing. AMTD told me its the market maker who arranges short sales, so when it gets tight it gets tight for everyone.
Obviously some institutions or other big players are on to this joke of a valuation. I'll just try every day and see if I get lucky. I just hope I don't have the ones I shorted earlier called back.
I really have to question the info. you received from Ameritrade. As far as I know, you can short the shares if your broker can get its hands on them (i.e. in an account at the brokerage or able to borrow them from another house. (Fidelity did that for me on Nextcard.) From scanning this board, it seems like the longs are outnumbered 10:1 so every share available has probably been shorted about three times. Good luck with your search and thanks for your response.
I have nothing against KREM but like others, I do not think this company's growth rate, earnings and potential market (relatively mature and competitive) support anything near the current stock price. I have read numerous posts about KK stores opening up and the demand. There is a KK near me that is in a shopping center with a Walmart and Home Depot that apparently had a fire more than 6 months ago and has not been remodeled (boarded up). This seems strange for this store to be sitting in the parking lot with two of the biggest traffic generators in retailing and not be reopened. I don't know any other details but it does seem strange.