Hard to borrow
MarketsDefinition
A stock with limited supply of shares available to borrow for short-selling. Brokers charge elevated borrow fees (annualized rates) to compensate. Hard-to-borrow rates can exceed 100% annualized for the most-shorted names.
HTB rates are a real-time signal of shorting demand vs. lendable supply. Spikes often precede squeezes. Easier to track than short-interest data which is reported with a lag.
HTB rates are a real-time signal of shorting demand vs. lendable supply. Spikes often precede squeezes. Easier to track than short-interest data which is reported with a lag.