The borrow market for RGCT has reached a critical inflection point, with the latest data from Interactive Brokers showing an annualized borrow fee of 237.82%. This level of cost is indicative of a 'hard-to-borrow' status where the supply of shares available for short sellers has effectively evaporated. While the short interest as a percentage of float remains relatively modest at 1.8%, the extreme cost to maintain a short position suggests that institutional lenders are pulling back supply, creating a high-risk environment for existing shorts. Traders should note that borrow fees exceeding 100% often precede significant volatility or forced covering events as the cost of carry becomes prohibitive.
Signal data sourced from Tapeboard. 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.