Lending Market Alert: WKHS T
Workhorse Group (WKHS T) is currently exhibiting signs of borrow market tightening. With borrow fees at 27.5% and short interest at 23.8% of the float, the stock is becoming increasingly expensive to short. This level of borrow cost is a clear indicator of active borrow stress, suggesting that the supply of lendable shares is dwindling.
Key Takeaways
- Borrow fees have reached 27.5%, indicating significant demand for short positions.
- Short interest remains high at 23.8% of the float.
- Days to cover is currently estimated at 7.6, suggesting that a squeeze could be prolonged if triggered.
This data reflects the current state of the securities lending market and should be monitored closely for further spikes in borrow rates.
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.