Persistent Short Interest in Upstart
Upstart Holdings, Inc. (UPST) remains a heavily shorted name in the financial services sector. Recent data indicates that short interest stands at approximately 27.6 million shares, with a days-to-cover ratio of 6.9. This suggests that it would take nearly a full week of average trading volume for short sellers to fully exit their positions, highlighting the scale of the current bearish positioning.
Borrow Market Conditions
As of early October 2026, the cost to borrow UPST shares is relatively low at 0.6%. While this indicates that shares are currently readily available for lending, the high volume of short interest remains a point of interest for market participants. The company has also seen an 11% increase in shares outstanding over the last two years, which adds a layer of complexity to the short interest analysis.
Key Takeaways
- UPST short interest is currently 27.6 million shares.
- Days-to-cover ratio is 6.9, indicating significant time required to cover.
- Borrow fee remains stable at 0.6%.
- The company has seen an 11% increase in shares outstanding over two years.
The Bottom Line
Despite a low borrow fee, the substantial number of shares sold short in Upstart suggests that bearish sentiment remains entrenched, requiring close monitoring of volume and price trends.
Signal data sourced from CurvedTrading. 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.