Short sellers have moved fast and hard into EDBL. The lending market is now fully locked.
Availability has dropped to 0%. Every share in the lending pool is currently lent out. That is the tightest the borrow market has been in 52 weeks — and it happened in days, not months.
Short interest sat at just 57,000 shares on May 8. By May 15 it had reached 1.33 million. That is a 2,266% weekly jump. SI now stands at 26% of free float — a level that puts EDBL firmly in heavily-shorted territory for a micro-cap.
The pace was violent. SI crossed 2% on May 13. It hit 12.6% by May 14. Then it more than doubled to 26% the following day.
The CTB tells the same story. It sat at 30–35% in mid-April. It climbed steadily through late April, peaking near 213% on April 27. It then briefly pulled back before exploding to 306% on May 15 — a 163% weekly surge and the highest level in five months.
That kind of CTB reflects fierce competition for a shrinking pool of borrowable shares. With availability now at zero, there are no shares left to lend.
The ORTEX short score reached 81 on May 14. Ten days earlier it was 42. That rapid ascent places EDBL in the top 1% of stocks by short score rank, per the factor data. Days-to-cover rank sits at the 91st percentile.
The backdrop is brutal for longs. The stock has fallen 60% in one month. It closed at $0.39 on May 15.
See the live data behind this article on ORTEX.
Open EDBL on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
