Short sellers are pressing hard into EQPT ahead of its earnings release. Cost to borrow has nearly doubled in one week — and short shares are up 24% over the same period.
CTB hit 2.16% on May 12, up 93% in seven days. A month ago it sat at 1.13%. That pace of increase reflects real demand for borrows — new short positions opening at speed into the earnings print.
Short shares stood at 12.4 million as of May 12. That's up 39% in a month. The one-week jump alone was 23.6%.
Availability tightened sharply mid-week. On May 7, the borrow market hit its 52-week tightest point — with availability near zero, meaning virtually every lendable share was already out on loan. It has since loosened materially. As of May 12 the reading implies considerably more slack in the lending pool. That rapid swing — tight to loose in under a week — reflects a sudden expansion in the supply of lendable shares, likely as new lenders came in to meet demand.
The company is due to report tomorrow, May 14. History is bleak: the last print in March sent the stock down 11% on the day and 17% over five sessions.
The stock has rallied sharply into this print. It is up 27% in one week and 20% in one month — closing at $24.55 on May 12. That recovery sets up a meaningful gap between the current price and analyst targets that were trimmed just weeks ago.
Truist Securities cut its target to $34 from $41 in late April, keeping a Buy. Wells Fargo trimmed to $32 from $35, retaining Overweight. Citigroup, the lone Neutral, cut to $22 from $25. The consensus target sits at $39.89 — still 62% above the current price.
The ORTEX short score stands at 74.6 — the highest in the 10-day history available — confirming the aggregate bearish signal is at its strongest point heading into the event.
The put/call ratio hit its 52-week high of 1.72 on May 11 — maximum put dominance. By May 12 it had fallen back to 0.70. That abrupt reversal suggests call buyers stepped in aggressively, possibly hedging short positions or positioning for an upside surprise.
Key data as of May 12–13, 2026
See the live data behind this article on ORTEX.
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