Why this matters — Three distinct ORTEX data streams have converged simultaneously on YXT. Short interest, cost to borrow, and utilization have all hit extreme levels within the same week, a rare alignment that signals acute stress in the borrow market for this stock.
Short interest explodes. Short interest in YXT jumped 2,985% in one week to 1.26% of free float. The one-month change is even more dramatic at 3,825%. As recently as mid-April, fewer than 25,000 shares were short. By April 24, that figure had risen to over 753,000.
Cost to borrow surges. The annualized cost to borrow YXT hit 275.9% APR on April 24. That is up 113% in one week and up 1,074% over the past month. As recently as April 15, the CTB stood at just 24.1%. The move from ~23% to ~276% in under two weeks is a sharp dislocation in the lending market.
Utilization at near-maximum. Utilization reached 99.04% on April 24, just below the 52-week peak of 100%. For context, utilization sat below 30% through most of March. It crossed 90% only on April 20. Near-maximum utilization means virtually all available shares to borrow are already on loan.
ORTEX factor scores reinforce the signal. YXT ranks 1st percentile on utilization rank — the most extreme reading possible. Its short score stands at 70.7 out of 100, and its short score rank is in the 5th percentile globally. Citadel Advisors trimmed its position by 16,884 shares as of December 2025, the only institutional holder in the snapshot to record a change.
The history shows a brief spike in mid-March 2026, when utilization touched 69.96% and shares short briefly rose above 19,000. That episode resolved quickly. The current move dwarfs it in both scale and speed, with short shares rising 50x from April 14 to April 21 alone.
See the live data behind this article on ORTEX.
Open YXT 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.
