Rising Cost of Shorting
IDEXX Laboratories (IDXX) has seen its cost to borrow climb to 0.55%, a 109% increase over the past week. This rise in borrowing costs is directly linked to tightening share availability in the securities lending market.
Sentiment Shift
While the absolute borrow rate remains relatively low, the rapid percentage increase indicates that short sellers are facing higher costs to maintain or initiate positions. This trend, combined with tightening availability, suggests that the lending market for IDXX is becoming more restrictive, which could impact the ability of bears to maintain their current exposure.
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.