Public discussions of short selling often rely heavily on short interest data. While these figures provide a useful reference point, they offer only a partial view of market positioning. The mechanics of stock borrowing introduce constraints and dynamics that short interest alone cannot capture. Understanding the distinction between reported short
Despite its central role in modern stock markets, the stock lending market remains one of the least transparent segments of the financial system. This lack of transparency is not accidental and is not solely the result of regulatory gaps. It is a structural feature shaped by how the market has
Although stock-backed loans are often discussed in simplified terms, the mechanisms underlying their availability, pricing, and recall are more complex than they appear at first glance. Understanding these elements is necessary for interpreting borrowing costs, short positions, and sudden market disruptions. Unlike exchange-traded instruments, stock-backed loans are not conducted in
The stock loan market plays a critical role in modern equity markets, yet it remains poorly understood outside a relatively narrow professional circle. While it underpins short selling, market making, and a range of hedging strategies, its structure is rarely examined in a comprehensive way. Essentially, the stock lending market