A 54% stock rally in a single session has ignited a dramatic short squeeze setup for EZGO. Cost to borrow hit 274% on May 5. Short interest jumped 309% in one day to 43% of float.
The numbers are stark. CTB stood at roughly 21–27% for most of April. On May 5 it jumped to 273.8% — a 1,083% weekly rise and a 1,358% monthly rise.
That explosion reflects an acute shortage of available shares to borrow. Availability had already been near zero for weeks. The lending pool was fully depleted through most of April and early May, with utilization hitting 100% repeatedly.
Now, with short interest at 43% of float — up from roughly 10.7% just days earlier — the borrow market is pricing in extreme scarcity. At 274% annualised, borrowing costs run at roughly 0.75% per day.
EZGO's estimated short interest was hovering around 36,000–44,000 shares through March and April. On May 5 it rocketed to 147,528 shares — a 309% single-day jump.
That move coincides directly with the stock's 54% single-session rally. The short interest explosion suggests fresh positioning — either new shorts piling in against the rally, or a sharp mark-to-market distortion in the estimate model on a thin float.
The ORTEX short score rose to 66.7 on May 5, up from 56.4 the day before and 57–58 across the prior two weeks. The utilization rank sits at the 1st percentile globally — meaning virtually every other stock has more borrowing room available.
Three distinct signals converged simultaneously:
The stock has gained 50.8% over the past month and 39.7% over the past week. That price action against a shrinking borrow pool and spiking CTB is the classic pre-conditions for a tightening feedback loop.
Data summary
See the live data behind this article on ORTEX.
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