For CJ27 May 2022 12:55
Exchange Reported Numbers
In the US, stock exchanges only publish short interest data twice a month and this data is also delayed by eight trading days, leaving investors in the dark regarding daily short selling activity. In addition, in Europe, financial institutions are only required to flag to the local regulator whenever they go over or back under certain thresholds. This provides valuable and timely additional data but only on positions above the reporting threshold. ORTEX add these flags intra-day as soon as the regulator publishes them, aggregates an institution’s overall current short position and lists all the latest flags so users get an accurate idea of latest sentiment.
ORTEX Short interest data is sourced from the world’s largest combined pool (over 700k pools of liquidity) of Agent Lenders, Prime Brokers, and Broker-Dealers who submit their inventory. As the US exchange data is delayed (for reasons explained above) ORTEX fills this void with daily up-to-date information from the global securities finance market and enables users to gauge changes in investor sentiment. This data is updated by 7.30am EST each day with current stock borrows, meaning you won’t find more timely or accurate data. ORTEX looks at the number of shares being borrowed, because you need to borrow a stock in order to short it. In addition to seeing how many shares are out on loan (both as the actual numbers of shares, as a percentage of free-float and as a ratio of average volume (DTC)), this dataset also shows the average interest rate for current loans (Cost to Borrow) as well as the utilization. Utilization shows how many percent of the lendable shares are currently lent out.