Borrow Fee Escalation
Data from Ortex indicates a significant tightening in the securities lending market for MAIR. The cost to borrow has surged 132% in just one week, climbing to 1.26% as of November 9, 2026. This is a sharp increase from the 0.54% rate observed on October 30, suggesting that short sellers are actively increasing their positions and exhausting available lendable supply.
Market Context
While the current short interest as a percentage of free float remains at 2.3%, the rapid escalation in borrow fees is a classic indicator of increased conviction among bearish participants. With a days-to-cover ratio of 1.66, the stock is showing signs of heightened activity that warrants close monitoring for potential squeeze setups if the borrow cost continues its upward trajectory.
Key Takeaways
- Borrow fee spiked 132% in one week to 1.26%.
- Short interest currently sits at 2.3% of free float.
- Days-to-cover ratio is 1.66, indicating moderate liquidity for shorts.
- Rising costs suggest a tightening of lendable share supply.
The Bottom Line
The rapid rise in MAIR borrow fees is a clear signal that the cost of maintaining short positions is increasing, reflecting a more aggressive stance from short sellers despite the relatively low total short interest.
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.