The borrow rate my broker (IB) is quoting is 120% despite only 7.55% of the float being short. I guess the clearing firms just don't have any shares to lend ou

The borrow rate my broker (IB) is quoting is 120% despite only 7.55% of the float being short. I guess the clearing firms just don't have any shares to lend out -- we could see another price drop once the stock is easier to borrow.