Why this matters — Three distinct ORTEX data points have aligned on MUFG within 72 hours. Short interest, cost to borrow, and options sentiment shifted simultaneously, marking a rare multi-dimensional inflection for Mitsubishi UFJ Financial Group.
Cost to borrow collapsed. CTB plunged 89% over the past week to just 0.06%, down from 0.51% on April 22nd. The borrowing rate peaked at 15.5% on March 31st before entering free fall. The metric now sits 95% below the one-month average, signaling abundant share supply for new shorts.
Short interest climbed 37% in a month. Short shares rose to 9.18 million as of April 23rd, up from 6.69 million on March 13th. The build accelerated in early April despite a brief dip on April 9th. Days to cover stands at 2.47 based on the March 31st FINRA report, up from 1.44 two weeks prior.
Options traders flipped bullish. The put-call ratio dropped to 0.53, registering a Z-score of -1.97. The reading sits 80% below the 20-day average of 2.65. Call volume dominated the past four sessions after weeks of put-heavy positioning. The shift marks the lowest PCR since mid-March.
ORTEX short score held steady at 47.9 as of April 23rd. The metric has oscillated in a tight 46.9–48.3 range over the past two weeks, showing no material change despite the convergence. No analyst, institutional, or insider data is available to corroborate or contradict the alignment.
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