Short interest in MNDR has gone from near-zero to overwhelming in a matter of days. The borrow market is tightening fast. Three ORTEX signals fired simultaneously — all critical.
On April 27, MNDR carried just 3,946 shares short. By May 5, that figure had exploded to over 2 million shares. That is a 51,779% increase in one week.
Short interest now stands at 152.4% of the free float. That means shorts have borrowed and sold more shares than the entire tradeable float — a condition that only arises when the same shares are being recycled through multiple lending chains.
The one-day change alone was +133%. This is not a gradual build. Something changed abruptly.
Cost to borrow hit 191% annualised on May 5. A month ago it sat around 54%. That is a 251% rise in 30 days, and a 194% rise in just one week.
Availability is extremely tight. With 93.2% of the lending pool already drawn — near the 52-week peak of 100% — there is almost nothing left to borrow. Fewer than 7 shares remain available for every 100 already lent out. Any further demand for shorts will push the cost to borrow even higher, or simply find no supply.
The ORTEX short score stands at 81.7 out of 100, up from 47.9 just nine days ago. MNDR ranks in the top 1st percentile for short score across the entire market.
Despite the short assault, the stock is up 36.9% over the past week and 27.1% over the past month. Tuesday saw a 10% pullback, but the price remains well above where it traded when short interest was negligible.
That price/short divergence is striking. Shorts have piled in aggressively even as the stock has been rising. The cost to maintain those positions — at 191% annualised — is substantial.
Earnings are next scheduled for June 10.
See the live data behind this article on ORTEX.
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