Rapid Growth in Short Positions
AVPT has experienced a sharp increase in bearish positioning, with short interest jumping 28.8% over the past week. This brings the total short interest to 7.1% of the company's float. While there was a slight pullback on November 4th, the overall trend remains heavily skewed toward the short side.
Borrowing Market Dynamics
Interestingly, despite the surge in short interest, borrowing costs have eased to 0.46%, the lowest level in a month. This suggests that while more shares are being sold short, the supply of lendable shares has remained sufficient to keep costs down for now. Traders should watch for any reversal in this trend, as a sudden drop in availability could quickly drive borrow fees higher.
Key Takeaways
- Short interest increased by 28.8% over the last week.
- Total short interest now stands at 7.1% of float.
- Borrowing costs have decreased to 0.46%, indicating ample supply for the moment.
The Bottom Line
AVPT is seeing a clear increase in short-side interest, though the current borrowing environment remains relatively inexpensive for those looking to maintain or open positions.
Signal data sourced from Ortex. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.