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I spent a portion of today trying to get borrow on this. The A shares didn't go with it, so no fundamental reason I dont think.

 

At my last check IB quoted less than 1% cost of borrow with zero availability, which I thought was interesting.

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What happened to this? Opened at $4.99 then traded as high as $134/share! Short squeeze?

 

There are less than 3 million Class B shares outstanding and very low average daily volume. So yeah, someone probably shorted this in size, then got squeezed out (LTRPA up 20% today) and was forced to cover in a situation in which very few shares were available to purchase at any price.

 

That's my best guess. 

 

 

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