Jul. 31 at 12:56 PM
$CURR just hired ShareIntel to investigate naked shorts — 75% borrow fee, short volume over 50%
CURR (Currenc Group, NASDAQ: CURR) might be one to watch. They just announced they’ve hired ShareIntel to investigate what they believe is illegal naked short selling. The company cited suspicious trading and plans to pursue legal or regulatory action if needed.
Normally this is just noise, but here’s what stood out:
Fintel ranks them #200 on the short squeeze leaderboard
~6.7% of the float is shorted
Borrow fee is ~70–75% (super high)
51% of volume is short/off-exchange
They’re a small AI/fintech firm trading under
$1 and recently got a Nasdaq warning, but now they’re pushing back. It’s rare to see a microcap fight back this hard.
If traders catch on, the low float and high borrow fee could spark a quick move. Not a guaranteed squeeze, but it’s on my radar.
