The Data Gap
Official exchange-reported short interest is a critical metric, but it is inherently stale. In the United States, FINRA publishes these figures twice a month, with a lag of approximately seven to eight business days. This delay leaves a significant window of uncertainty for active traders and risk managers.
The Ortex Advantage
Ortex fills this information void by modeling short interest daily using securities-lending data. By tracking the utilization of lendable shares and borrow costs, Ortex provides a near-real-time estimate of how short positions are evolving. When utilization approaches 100%, it serves as a strong signal that the supply of shares available to short is nearly exhausted, often preceding significant price volatility or squeeze events.
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.