Rising Costs for WKHS Shorts
Workhorse Group (WKHS) is currently experiencing significant borrow market pressure, with fees reaching 27.50% APR. This increase in the cost to borrow coincides with a high short interest level of 23.8% of the float. The combination of high short interest and rising borrow fees suggests that the market for lending shares is tightening, which could lead to increased volatility if short sellers are forced to cover.
Market Context
With a days-to-cover ratio of 7.6, the time required for short sellers to exit their positions is substantial. Investors should monitor the borrow fee closely, as any further spikes could indicate a lack of available shares, potentially setting the stage for a squeeze. The stock is currently trading at $3.13, reflecting the ongoing battle between bearish sentiment and the cost of maintaining short exposure.
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.