Fidelity (PA0012) Your order to sell short can not be accepted

Someone asks:

Can’t short $GME. This is the error I received.

(PA0012) Your order to sell short can not be accepted. The security is either ineligible to short, there are currently no shares available to short, or there are insufficient shares available to meet your request. Please review your share quantity or contact a representative for additional detail.

fidelity-sell-short

If you’re unable to short a stock on Fidelity, it could be that:

  1. The stock is not shortable on Fidelity.
  2. Shares are hard to borrow.
  3. The amount of shares you’re trying to short exceeds the amount available for shorting.

What you need to do if you can’t sell short on Fidelity

  1. Find another stock for short selling.
  2. Adjust the number of shares (in quantity) before submitting the short order again.
  3. Call Fidelity and ask them to find the shares for you to short.

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Hi! I'm Diego, 38, and I currently reside in New York. I work as a financial analyst. I primarily focus on initiatives involving research and data analysis.

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