$UWMC short borrowing fee is up 9 times in the past 48 hours

Hello friends, It's your boy Silbergleit Junior again. You may remember me from my post about a month ago, where I warned you that market won't be playing on easy mode in the days ahead of us. Anyway, today I'm not here to talk about a general market but about a specific stock you are probably familiar with - UWMC. About 14 days ago, Mat Ishbia, CEO of UWMC got pissed. Why? Cause shorts were trying to short his stock into the ground, to force him to sell his shares for cheap following his announcement of the secondary offering. You may read more about it here: https://www.reddit.com/r/wallstreetbets/comments/qx7at0/thats_how_you_f_the_shorts_uwmc_announces_intent/ Long story short, he decided to scrap the offering completely, and announced accelerated buy backs. The reaction followed, as seen on the chart below. https://preview.redd.it/q3ywwl5jd7381.png?width=668&format=png&auto=webp&s=fcbecf1ab354b37bb19db3c27f540215061193e4 UWMC is cash flow positive and pays a dividend with the current yield of 5.59%. Ex-dividend date is Dec 9, meaning who ever has shares before this date, will get paid $0.10 per share. All those short on this date, will need to make a payment in lieu of dividend. Yesterday I noticed that ever since the accelerated buyback announcement, the number of available shares to borrow kept dropping quite rapidly. https://preview.redd.it/6tzrpx72e7381.png?width=1968&format=png&auto=webp&s=17ae8edc7071a519e50af995608f7378cdfc2c30 Today at market close, I checked the borrowing fees and voila. They are creeping up. https://preview.redd.it/26eq1wuie7381.png?width=689&format=png&auto=webp&s=b4b3186689ff285e3743389351d0c3efa4818b70 I'll leave you here and let you decide what you want to do with this information. Positions https://preview.redd.it/69poidkof7381.png?width=306&format=png&auto=webp&s=4e18c76fd4da57e545e9473e80a85bb7b92e4638 Also if you want to see more positions, my father Doc. Silberschmelzer posts his positions on Twitter regularly. - https://twitter.com/silberschmelzer/status/1461057743192838157?s=20 - https://twitter.com/silberschmelzer/status/1465844345958014981?s=20