STTCOMP SPT FA SHORTTried to short this one on IG Markets today...

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.