Rising Cost of Capital
IDEXX Laboratories (IDXX) has experienced a 109% surge in its cost to borrow over the past week, with rates now sitting at 0.55%. This increase is directly linked to tightening share availability in the securities-lending market. While the absolute borrow rate remains relatively low, the rapid acceleration in fees is a notable development for those tracking short-selling pressure on the stock.
Market Context
Tightening availability often precedes more significant moves in borrow rates. Investors should note that this data is derived from Ortex's near-real-time estimates, which track the securities-lending market continuously. Unlike the bi-monthly FINRA reports, which provide a stale snapshot of open positions, this lending market data provides a more immediate look at the costs and availability that influence short-seller behavior on a daily basis.
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.