Why was I able to locate more shares than I can short sell?

TradeZero’s short locator calculates the number of shares you can short at the time you request the locate quote.

Some variables that may affect the number of shares you can short at a given time are price of security, margin requirement of security, and the available cash in your trading account.

When sending a short order, the order server will then recheck how many shares you can short based on those variables at the time you send the order.

Stocks that fall below $3 are non-marginable and the non margin ability of a stock may reduce the number of shares you may trade regardless of how many shares you have located.

TradeZero does not permit shorting any stock below $0.50. If the price of a stock falls below $0.50 between the time you locate shares and the time you place a short order, you will not be able to short the stock.

TradeZero cannot refund the cost of any shares you locate due to changes in stock price, marginability of the stock, or the available cash in your account.

Reminder: TradeZero does give you the ability to put up for credit any located shares not currently in use and you may be able to recoup a portion of your locate fees. You can put any unused located shares up for credit until 8:00 PM ET.