The lending market for CHRN has tightened dramatically. Cost to borrow doubled in a single week. Availability has hit a 52-week low.
Cost to borrow stood at 14.3% last Thursday. By Monday it had jumped to 31%. That's a 147% week-on-week move — and the steepest single-week increase in the data window.
Availability tells the same story. One share remains available to borrow for every seven already lent out — 13.2% availability, the tightest reading in the past 52 weeks. Six weeks ago, availability sat above 90%.
Short interest has moved in lockstep. Estimated short shares rose 27% in one week to 1.05 million. Over the past month, the total has climbed 165%.
The ownership structure is striking. Applied Digital Corporation holds 97% of shares. That leaves a tiny tradeable float. When short sellers compete for a limited pool of borrowable shares, borrow costs spike fast — and availability collapses.
The ORTEX Short Score sits at 76.6. That's a persistently elevated reading. It has held above 75 for the past two weeks, signalling sustained bearish pressure rather than a one-day spike.
The stock itself added 10.7% on Monday. It's still down 20% over the past week. That divergence — rising short interest, rising borrow cost, and a volatile price — reflects a contested market.
Availability at 13% leaves almost no room for new short positions to be opened. Any further demand for borrows will push cost to borrow higher still. Watch whether the stock's Monday bounce forces short sellers to cover — or whether fresh supply of borrowable shares emerges to relieve the squeeze.
Data summary
See the live data behind this article on ORTEX.
Open CHRN on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
