The Importance of Real-Time Data
Official exchange-reported short interest is often stale, published twice monthly with an eight-day lag. Ortex fills this information gap by modeling short interest from securities-lending data, providing daily and intraday estimates for over 52,000 securities.
Key Metrics for Risk Management
Investors tracking potential short squeezes should focus on three primary indicators:
- Utilization %: High utilization indicates that a large portion of lendable shares is already out on loan, making it harder to borrow.
- Cost to Borrow (CTB): A spike in CTB often signals increased demand from short sellers.
- Days to Cover: A rising ratio suggests that short sellers would need more time to buy back their positions, increasing the risk of a squeeze if the stock price rallies.
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.