For Edesa Biotech Inc. (EDSA), the short borrow rate has recently been elevated. As of August 7, 2025, the latest short borrow fee rate for EDSA was 67.93%. This rate represents the annualized interest paid by a short seller to the lender of the shares.1 On the preceding day, August 6, 2025, the rate was 61.33%.1
A high short borrow rate typically indicates strong demand to short a stock, often coupled with limited availability of shares to borrow. For EDSA, Fintel data shows that there were approximately 0.10 million shares available to short as of August 6, 2025.2 The short interest as a percentage of float for EDSA was 0.45%, with about 1.03 days to cover, as of an earlier date in August 2025.2 These metrics, particularly the high borrow rate, can signal increased bearish sentiment or potential supply constraints for short sellers. Monitoring these rates can provide insights into the market's perception of a stock's near-term prospects and the costs associated with taking a short position.
