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HannahL Established Contributor

HannahL

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Hi , thanks for the post and welcome!

 

When you short-sell a stock, you are essentially borrowing shares to sell, as you have none yourself to do so.  We can only offer short-selling if there is enough borrow in the underlying market for us to pass on, so if there are not sufficient available, we need to restrict shorting.   This is the current situation with Snapchat, and we will monitor the underlying market until we are able to offer the option to short-sell again.

 

Hope that answers your question!  Would be good to hear if anyone else is looking to trade Snapchat or took part in the IPO.

 

Thanks,

Hannah

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