Greenlane Holdings is flashing red across every lending-market metric. Short interest has tripled in a week. Cost to borrow has exploded past 235%. And availability has collapsed to near zero.
Short interest hit 6.7% of free float on April 28. That is up 268% in a single week. A week ago, SI sat below 2% of float.
The borrow market is almost entirely seized up. Availability has tightened to roughly 3% — only about one share remains available for every 33 already borrowed. The 52-week peak utilization was 100%. GNLN is nearly there.
Cost to borrow now stands at 235.6% APR. One month ago it was around 52%. The weekly increase alone is 257%.
GNLN's ORTEX short score sits at 81.4 — a top-percentile reading. The score has been elevated all month. It briefly dipped to 73 on April 21 before surging back above 80 within days.
The utilization rank and short score rank are both at the top 1st percentile across the ORTEX universe. This is not a borderline signal. Every lending-market indicator is pointing the same direction.
GNLN's recent earnings history shows violent moves. A release on March 25 triggered a 32.5% single-day drop and a 59% five-day loss. An earlier print on April 2 produced a 23.3% gain on the day. The stock moved 40% higher over the past month before pulling back 8.6% last week.
That kind of volatility is exactly what draws short sellers into a small-cap name. It also makes the current borrow squeeze particularly acute — short sellers who are wrong face both a tight exit and a punishing 235% annual carry cost.
Data summary
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