The Fintel platform provides a dynamic list of stocks with the highest cost to borrow, which is a critical indicator for assessing short interest and potential short squeeze candidates. While the precise, real-time "top 20" list fluctuates based on intraday market conditions and is best viewed directly on the Fintel platform, we can outline how to access and interpret this valuable data.
Accessing the Highest Cost to Borrow Data
To verify the current top 20 stocks by cost to borrow, navigate to the Fintel website and look for the "Short Squeeze" or "Short Interest" sections. Within these sections, there is typically a dedicated page or a sortable table titled "Highest Cost to Borrow" or "Short Borrow Fee Rates." This page presents an updated ranking of securities based on the annualized interest rate short sellers must pay to borrow shares.1
Significance of High Borrow Rates
A high cost to borrow indicates strong demand from short sellers and/or a limited supply of shares available for borrowing. This situation can be a precursor to a short squeeze, where a rapid increase in stock price forces short sellers to cover their positions, further driving up the price. Monitoring these rates, alongside other metrics like short interest percentage and days to cover, provides a comprehensive view of a stock's short-term market dynamics.
Utilizing Fintel's Export Function
As previously discussed, the Fintel platform allows users to export this data for further analysis. This functionality is crucial for:
- Trend Analysis: Tracking changes in borrow rates over time for specific stocks.
- Custom Screening: Integrating borrow rate data with other fundamental and technical indicators in external models.
- Risk Assessment: Identifying securities with escalating borrow costs that may signal increased volatility or impending market events.
For the most current and detailed information, including the ability to sort and export the data, directly visiting the "Highest Cost to Borrow" page on Fintel is recommended.
