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Borrow fee ranking

The 25 stocks that cost the most to short today, using Interactive Brokers stock-loan rates. A high fee means shares are scarce.

To short a stock, a trader borrows shares and pays a yearly fee to do it. When few shares are available, the fee climbs. A very high fee tells you the short side is crowded and hard to get into. The borrow fee page ranks the 25 most expensive stocks to short.

The highest borrow fee tableThe highest borrow fee table
The highest borrow fee table

How to read the table

  1. Open the borrow fee page from the link on the short squeeze board, or go to tapeboard.com/short-squeeze-stocks/highest-borrow-fee. It is public.
  2. The table is sorted by BORROW FEE, the annualized rate, highest first.
  3. Read the other columns: SI %FLOAT (short interest as a share of float), FLOAT UTIL (float utilization), DTC (days to cover), PRICE and SCORE (the squeeze score).
  4. A high fee together with high short interest and a high score marks a crowded, hard-to-borrow stock.

Where the numbers come from

Fees come from Interactive Brokers' daily stock-loan availability data, refreshed once a day after the close. Short interest comes from the FINRA settlement reports. The page is a daily snapshot and does not update during the day. Live fee and price changes are on the short squeeze board.

How to act on a row

  1. Click a symbol to open that stock's short squeeze page.
  2. In the scanner, add the Borrow Fee % column from COLS to watch fees beside live prices.

How to interpret a fee

  • A fee of a few percent a year is normal for a widely held stock.
  • A fee in the tens of percent means shares are scarce.
  • A high fee does not say which way the stock will go. It shows how costly it is to hold the short.
  • A dash means no fee was reported.

If something doesn't work

  • A stock is missing: the page lists only the top 25.
  • The fee looks old: the page is a once-a-day snapshot.