Punishing Borrow Costs for EVCM Shorts
EverCommerce (EVCM) is currently one of the most expensive stocks to short in the mid-cap software space. With a short squeeze score of 96/100—the highest in the Ortex screen for companies above $500M market cap—the cost to borrow has surged to 87.7% APR. The combination of a 23.5-day cover ratio and these prohibitive borrow fees is forcing traders to reconsider their positions. This environment is concentrating options activity into call buying, as market participants look for opportunities to capitalize on potential forced covering by short sellers.
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.