penny

What is a “penny stock” for purposes of the restriction on short-selling?

July 9, 2007

Question by Perpetua: What is a “penny stock” for purposes of the restriction on short-selling? I have read that “penny stocks” are not available to be shorted. How is “penny stock” defined in this context? Does it relate to the share price, the market cap, or some combination of the two? Best answer: Answer by [...]

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