Irishguy28, note the words, 'following a stock borrowing by its subsidiary'. That tells me that a JP Morgan subsidiary had to borrow the stock so that a client could short the stock. And this isn't new; it happened shortly after IAG announced its' 5% stake in Nowegian, forcing George Soros (a despicable individual) to cover his short position in Norwegian Air. In a nutshell, IAG's announcement triggered a massive short squeeze. Now some shorts are increasing their shorts along with new shorts joining the shorting of the stock at this share price. The dilutive share offering to all shareholders is not going to help this situation.

The problem now with Norwegian is the restatement of their 2017 filings. This article will explain it better than me: https://leehamnews.com/2018/03/07/no...ve-accounting/

Whenever I see this type of corporate behavior in US companies, I start looking at how to short the stock because it's an indication that there is going to be a lot of serious problems uncovered in the restatement. The first investor warning that things weren't right with Norwegian's books should have come when Tore Ostby resigned as CFO in July 2017 and the company went with an 'interim' CFO until January - that's not normal succession of senior corporate executives, especially one as important as the CFO.

I checked my brokerage (InteractiveBrokers) and there's no, zero, nada, NAS stock available to borrow. Even if there were, the interest rate charged on borrowing is fairly steep.


This concept of selling deep discount TATL tickets is nothing new. Airline history is littered with failed carriers who have tried to do this before.