I was reading an article discussing how cost to borrow may be a better metric than short interest for determining the safety of a short position or inversely the potential of a short squeeze. Are there any functions to determine cost to borrow a stock or anything that could be derived?
The cost to borrow is going to differ substantially from broker to broker, so the data isn’t readily available. For example, the cost of borrowing AMC from Fidelity is 28.5% annually, while the cost of borrowing AMC from IB is 39.17%.
Thanks for the quick reply. Differing rates between brokerages is something I did not consider but that makes sense.