Borrow Fee / Short Rate

Borrow fee (or rebate) expresses the cost/credit for holding a short position. Spikes in borrow costs often precede squeezes, especially in tiny-float net-nets.

“You are neither right nor wrong because the crowd disagrees with you.” — Benjamin Graham

Practical reads: - Rising short interest plus rising borrow fee = crowded short; watch for catalysts. - Falling fee while short interest holds steady = shorts comfortable; less squeeze fuel. - Check fee again after share-count changes or tenders that alter float.