Lending Market Tightness
GameStop (GME) continues to exhibit signs of a constrained lending market. According to near-real-time estimates from Ortex, the cost-to-borrow (CTB) for GME shares has seen a marked increase over the last 48 hours. High utilization rates—the percentage of available shares currently on loan—suggest that the supply of lendable stock is becoming increasingly scarce. This environment often precedes volatility, as short sellers face higher costs to maintain their positions. While the official FINRA short interest remains the gold standard for open positions, the current trend in borrow fees and utilization provides a more immediate look at the pressure building within the GME short ecosystem.
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.