Imperial Petroleum Inc IMPP (US stock) can this be shorted with IG ?

[Tony]

Hi, can someone please tell me if this US listed company be shorted with the IG platform spread bet / CFD ? Imperial Petroleum Inc. IMPP

Thanks

[ArvinIG]

8 hours ago, Tony said:

Hi, can someone please tell me if this US listed company be shorted with the IG platform spread bet / CFD ? Imperial Petroleum Inc. IMPP

Thanks

Hi @Tony,

Thank you for your post.

On the deal ticket, you can find the relevant information on Info > Other


It seems that this stock is Unborrowable meaning can't be shorted, and on Non-leverage only meaning you can only trade this stock on Share dealing account, not on CFD or Spread betting accounts.

I hope that it helps!

All the best - Arvin

[Tony]

On 16/06/2022 at 00:46, ArvinIG said:

Hi @Tony,

Thank you for your post.

On the deal ticket, you can find the relevant information on Info > Other


It seems that this stock is Unborrowable meaning can't be shorted, and on Non-leverage only meaning you can only trade this stock on Share dealing account, not on CFD or Spread betting accounts.

I hope that it helps!

All the best - Arvin

Hi Arvin, thanks very much for your answer. Just one more thing would you know if this is on all trading platforms including in the US or just certain brokers that would list this stock as a fledgling company and not borrow stock as there isn't much interest from their clients?

Thanks very much.

[ArvinIG]

On 18/06/2022 at 01:34, Tony said:

Hi Arvin, thanks very much for your answer. Just one more thing would you know if this is on all trading platforms including in the US or just certain brokers that would list this stock as a fledgling company and not borrow stock as there isn't much interest from their clients?

Thanks very much.

Hi @Tony,

I am not sure about the US as we only offer Forex for US clients.

As for other brokers, I believe that it is a business decision based on their dealing desk, risk appetite and exposure.

Thank you - Arvin