Short shares have collapsed 93% over 30 days while cost to borrow exploded to 144% and utilisation hit 100%. Hyperscale Data now controls 22% of shares after a late-April stake build.
YYGH closed at $1.33 on April 24, down 8.3% on the day. The stock fell 17% over the past week but remains up 23% over the past month. Recent volatility has been extreme. An earnings event occurred April 23 with another scheduled for April 30.
Short interest stands at 236,871 shares as of April 23, down 93% from a month ago when it exceeded 2.5 million shares. The unwind began in mid-March. On March 20, short shares peaked above 4.1 million before collapsing over the following week. By March 23, the position had dropped to 62,619 shares. Short interest briefly rebounded into early April—peaking at 652,648 shares on April 8—before resuming its decline.
Cost to borrow has surged 1,287% over 30 days to 144%, the highest level in the past month. CTB sat below 10% through late March, spiked briefly to 49% on March 24, then settled back into single digits. The current surge began in early April. CTB climbed from 18.9% on April 10 to 100% by April 15, then jumped to 144% by April 23.
Utilisation reached 100% on April 23, matching the 52-week high. Utilisation fluctuated between 18% and 100% over the past 30 days. It sat near 100% in mid-March, collapsed to 18% on March 23, then climbed steadily through April. It crossed 95% on April 13 and hit 100% on April 7, April 16, and April 21 before staying pinned at 100% the past three sessions.
The combination of high CTB and full utilisation indicates a tight borrow market despite reduced short interest.
YYGH scores in the 2nd percentile for short score rank and 1st percentile for utilisation rank, indicating extreme positioning relative to peers. The stock ranks 71st percentile for sector score and 47th percentile for days-to-cover rank. The dividend score sits at the 28th percentile. ORTEX short score registered 75.5 on April 23, up from 66.0 on April 10. The combined score reached 75.2.
Hyperscale Data acquired 922,661 shares by April 17, a new position representing 21.6% of shares outstanding. ACG Alpha Management initiated a 120,000-share stake (2.8% of shares) in the same filing period. Milton Ault disclosed a new 30,000-share position on April 17.
Fan Zhang added 20,517 shares by April 14, bringing total holdings to 276,990 shares (6.5% of the company). Xiaowei Fu holds 290,660 shares (6.8%) with no change reported as of March 26. Lin Pu Xu and Zhi Yong Phua each acquired 25,000-share positions by March 26.
Citadel added 4,326 shares, UBS Asset Management added 1,646 shares, and XTX Markets added 883 shares, all as of December 31, 2025.
YYGH's earnings schedule has been irregular. The company reported on April 23, with the event announced in late December 2025. Another earnings event occurred April 20 at 4:17 PM, announced the same day. A third April 20 event was announced at 12:07 PM. The prior earnings release was December 29, 2025. Historical price reaction data is unavailable.
YYGH has an earnings event scheduled for April 30 at 1:30 PM. Given the recent volatility—17% weekly decline, 23% monthly gain—and the concentration of ownership following Hyperscale Data's 22% stake, the print could trigger sharp moves. The stock's lending dynamics remain stressed. With utilisation at 100%, cost to borrow at 144%, and short shares having collapsed 93% in a month, any catalyst that attracts short sellers could face immediate supply constraints. The next few sessions will show whether the recent price weakness persists or reverses ahead of the earnings announcement.
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