Borrow Market Tightening for WKHS
Workhorse Group (WKHS) is currently exhibiting signs of borrow market tightening, with annualized borrow fees reaching 27.5%. This increase in cost coincides with a significant short interest position, where 23.8% of the company's float is currently held by short sellers. The combination of high short interest and rising borrow costs is a classic indicator of a stock that is becoming increasingly difficult to short.
With a days-to-cover ratio of 7.6, the time required for short sellers to exit their positions in the event of a price spike is substantial. This creates a setup where the stock is sensitive to sudden buying pressure. Investors should monitor the borrow fee closely, as any further increase could signal a total depletion of available shares for lending.
Key Takeaways
- Annualized borrow fee: 27.5%.
- Short interest as % of float: 23.8%.
- Days to cover: 7.6.
- Market status: High borrow cost and significant short exposure.
The Bottom Line
WKHS is facing a challenging borrow environment. With nearly a quarter of the float shorted and fees at 27.5%, the stock remains a high-risk, high-reward candidate for short-side volatility.
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.