Persistent Short Pressure on IREN
Iren Limited (IREN) remains a focal point for short-side traders, with current data indicating short interest at 24.5% of its float. The stock maintains a high Short Squeeze Score of 92.5, reflecting a combination of high short interest and specific market conditions that make it a candidate for volatility.
Quantitative Analysis
While the borrow fee remains relatively low at 0.4%, the high percentage of float sold short indicates that a significant portion of the market is betting against the company. With 1.5 days to cover, the position is relatively liquid, but the high squeeze score suggests that the market is sensitive to any sudden shifts in sentiment or price.
Key Takeaways
- Short interest stands at 24.5% of float.
- Short Squeeze Score is 92.5/100.
- Days to cover is 1.5, indicating moderate liquidity for shorts.
The Bottom Line
IREN remains a high-interest ticker for those tracking short-side activity. The combination of high short interest and a high squeeze score warrants continued monitoring for potential momentum shifts.
Signal data sourced from Tapeboard. 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.