Short Term Trading Week Starting: 4 Mar, page-92

STTCOMP SPT FA SHORT

Tried to short this one on IG Markets today but no borrowable stock left unfortunately. A competitor to Afterpay but after doing a lot of research looks very sub-par - poor reviews from customers and a confusing way of charging - essentially, from what I can see they put a hold on credit cards for the full amount (like when you book a hotel and they hold $200 for room service charges) but then just charge you in part payments - the main drawback with this compared to afterpay is the hold takes your credit limit down so it's not really paying afterwards at all - it's just saving a bit of CC interest if you can't pay back all at once.

Running on hype + low liquidity. I think hype will turn pretty soon.