Short sellers have descended on INHD with extraordinary speed. Inno Holdings Inc. has gone from a lightly shorted micro-cap to one of the most heavily squeezed names in the lending market — in under a month.
SI hit 56% of free float as of May 1. A month ago, it sat below 2%. That 2,753% month-on-month surge is not a data anomaly — the daily history confirms a near-vertical climb beginning April 27. Short shares jumped from roughly 232,000 on April 24 to more than 7.25 million by May 1.
The week-on-week change alone stands at 2,263%. For context, that puts INHD among the most extreme short-interest moves ORTEX has recorded for any US-listed stock.
Availability has collapsed. With the lending pool almost entirely lent out, there is virtually no room left for new short positions to be established through conventional borrowing channels.
Cost to borrow reflects this. CTB reached 93.75% APR on May 1 — up 82% from the prior week and up 221% over the past month. The borrow was cheap as recently as early April, sitting around 29–33%. It then spiked above 250% during April 7–9, briefly retreated, and has now re-accelerated toward that upper range.
The ORTEX short score stands at 81.1 — up sharply from 46.7 just one week ago. The combined score is even higher at 93.4. The utilization rank sits at the 1st percentile, meaning the lending pool is tighter than almost every other stock in the universe.
INHD reports earnings on May 11. The stock fell 92% over the past month and gained 14% on May 4 alone. Recent earnings have produced modest moves — a +1.9% single-day swing on May 1, and a -3.7% move in March. But those occurred under very different short-interest conditions.
With 56% of float now sold short and the borrow market near-frozen, any catalyst — in either direction — meets a very compressed lending environment.
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