Extreme Borrowing Costs
PicoCELA Inc. (PCLA), a technology hardware provider, has recorded a staggering short borrow rate of 1,142.95% APR as of October 3, 2026. This extreme fee underscores an almost complete lack of borrowable supply and highlights an incredibly crowded bearish trade.
Market Implications
When borrow fees exceed 1,000%, the cost of holding a short position becomes prohibitive, often forcing early exits. Traders tracking this name should be aware that the high cost of the short is a direct reflection of the extreme scarcity of shares available in the lending market.
Key Takeaways
- Borrow Fee: 1,142.95% APR.
- Sector: Technology Hardware, Storage & Peripherals.
- Risk Profile: Extremely high; prohibitive borrowing costs make this a dangerous name for new short entries.
The Bottom Line
PCLA is currently an outlier in the lending market. With fees above 1,100%, the cost of carry for short sellers is massive, creating an immediate, binary risk-reward scenario for the stock.
Signal data sourced from Fintel. 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.