Confluence — 968 total
Why this matters: Short interest in FIG has climbed to 20.3% of free float — up 47% in a single month. Availability in the lending pool sits at just 13.1%, and the cost to borrow has nearly doubled in a week. Three…
Three distinct signals converged on TDIV this week. Cost to borrow spiked, short positions built, and options positioning shifted sharply toward calls — all at once. Cost to borrow on TDIV hit 4.47% on June 29. That is…
Why this matters: Cost to borrow CRML has more than doubled in a single week. The lending market, which briefly reopened ahead of earnings on June 25, has slammed shut again — and the squeeze is now tighter than it was…
Three independent signals on SBET are pointing the same direction. Short sellers are building. Borrowing costs are jumping. Options traders are buying puts at an unusual pace. Short interest climbed 12.5% in one week…
USO has shed nearly 17% over the past month. Short sellers are covering. Yet the borrow market tells a more complicated story than a clean unwind. Short interest has fallen sharply — down 17.5% over the past week to…
MU closed June with its bull and bear camps further apart than ever. A wave of analyst upgrades pushed consensus price targets sharply higher. At the same time, options traders held their most defensive posture in 52…
Why this matters: Six days ago, a prior ORTEX note called Toyota's lending market "no particular drama" — availability was near 4,000% and cost to borrow sat at 0.84%. That picture has changed materially. Shorts have…
Three lending-market signals converged on QXO this week. Short interest, cost to borrow, and availability all moved in the same direction simultaneously — a rare alignment that warrants attention. QXO's short interest…
Options traders and short sellers are pulling in opposite directions on Red Cat Holdings. The lending market is almost tapped out. Calls are being bought at the fastest clip in two weeks. Something has to give before…
Options traders are making a contrarian bet on NATL today. The put-call ratio dropped to 1.09 — nearly 2.8 standard deviations below its 20-day average of 1.14. That is the most bullish options positioning the ATM…
EQPT is in its second consecutive week of near-zero availability. The lending market has not recovered. And options traders just made their most bullish move in a year. Six days ago, availability collapsed to 1.4%. It…
Options markets and the lending pool are sending the same signal on MDT this week. Short sellers are moving with unusual urgency following analyst target cuts after June earnings. The borrow market told a confusing…
Cost to borrow FRHC hit 29.8% on June 26. That is up 442% in a single week. For context, it traded between 2% and 4% for most of the past two months. The lending market tells the story clearly. Availability has…
The same divergence flagged three days ago has intensified. HTZ now has essentially no shares left to borrow, cost to borrow has nearly doubled again since the last note, and options traders have pushed to their most…
SELLAS Life Sciences has crossed into territory where the lending market offers almost nothing to new short sellers. Availability has collapsed to 0.04% — effectively zero. Every share in the lending pool is now out on…
Short sellers keep piling into VELO. The borrow market is showing the strain. Short interest in Velo3D has climbed to 22.3% of free float — up 21.5% in a single week and 44% over the past month. The stock has fallen…
Short sellers have pushed OMER to a breaking point. Availability has collapsed to 0% — every share in the lending pool is currently lent out. That's not a one-day anomaly. Availability has been at or near zero for most…
BioCryst Pharmaceuticals is sending conflicting signals. Short sellers are rebuilding aggressively. Options traders are betting the other way at a year-low intensity. The gap between those two camps has widened sharply…
INFY has hit a critical juncture in its lending market. Every share available to borrow is now lent out. Availability has collapsed to just 0.28% — essentially zero — the tightest reading in 52 weeks. One week ago,…
Options traders are rotating into calls on FCX at the fastest clip in two weeks. That shift comes as a cluster of Wall Street firms have raised price targets — and it stands in contrast to a modest uptick in short…
