Current Short Position Analysis
As of the latest reporting period, Lemonade, Inc. (NYSE: LMND) is seeing sustained short interest. Data indicates an open short position of 10.2 million shares. With a days-to-cover ratio currently sitting at 10.8, the stock remains sensitive to sudden buying pressure, which could trigger a squeeze if sentiment shifts.
Borrowing Market Conditions
While the short interest is notable, the cost to borrow remains relatively low at 0.3% APR as of September 24, 2026. This suggests that despite the high number of shares sold short, there is currently ample supply in the securities lending market, preventing a immediate borrow-fee-driven squeeze. Investors should monitor the days-to-cover metric closely, as any uptick in trading volume could force short sellers to cover positions in a less liquid environment.
Key Takeaways
- Open short interest stands at 10.2 million shares.
- Days-to-cover ratio is elevated at 10.8.
- Borrow fee is currently stable at 0.3% APR.
- Market participants should watch for shifts in borrow availability.
The Bottom Line
Lemonade's high days-to-cover ratio makes it a name to watch for potential volatility, though the low borrow cost suggests shorts are not yet under significant financial pressure.
Signal data sourced from CurvedTrading. 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.