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§00 // SHORT_SQUEEZE_SCORE · FINRA_THRESHOLD

TOPS Short Squeeze Score: 97 / 100

// TOPS ranked on Tapeboard's 0-100 short squeeze leaderboard · components disclosed below · methodology fully published

Open TOPS research View full leaderboard
§01 // TOPS_COMPONENT_BREAKDOWN

How TOPS got to 97 / 100

The TOPS squeeze score is a weighted sum of five normalized components, short interest as a percentage of float, IBKR borrow fee, float utilization, days to cover, and trailing 5-day price momentum. Each component is z-scored against a universe of roughly 500 active US equities, then combined with the weights shown below.

COMPONENTWEIGHTRAWCONTRIBUTION
SI %Float35%45.0%1.40
Borrow Fee25%18.4%0.04
Float Utilization20%65.5%1.30
Days to Cover15%1.2-0.14
5-Day Momentum5%--
§02 // 30D_BORROW_FEE_AND_SHORT_INTEREST_HISTORY

TOPS 30-day borrow fee and short interest trend

Trailing-30-day series of two of the highest-signal squeeze inputs for TOPS, the IBKR borrow fee (cost to short the stock) and short interest as a percentage of float. Free per-ticker borrow-fee history is not published by Fintel or Ortex on their public pages.

// 30-DAY SHORT-INTEREST & BORROW-FEE TREND
L 2.9% H 45.0%
SI %FLOAT, 30D
45.0%

// daily snapshots · L=30d low · H=30d high · borrow fee from IBKR Stock Loan Availability · SI %Float from FINRA settlement files (bi-monthly, ~10 day delay)

§03 // HOW_WE_CALCULATE_IT

How the score is calculated

Tapeboard's short squeeze score weights short interest at 35%, borrow fee at 25%, float utilization at 20%, days to cover at 15%, and 5-day momentum at 5%. Sources: Yahoo Finance defaultKeyStatistics for short interest (FINRA settlement-delayed), IBKR Stock Loan Availability for borrow fees and utilization, and FINRA Threshold Securities List for the failures-to-deliver flag. Full methodology, including normalization formula, known limitations, and the reasoning behind each weight, is published at /methodology/short-squeeze-score.

§04 // TOP_5_RELATED_SQUEEZE_CANDIDATES

// other tickers high on the squeeze leaderboard:

[ GRPN ][ RH ][ RXRX ][ NTLA ][ GOVX ]
§05 // FAQ

Frequently asked questions about TOPS squeeze risk

What does a Short Squeeze Score of 97 / 100 mean for TOPS?

A score of 97/100 puts TOPS in the top decile of the squeeze leaderboard. Multiple structural conditions are aligned simultaneously, high short interest, elevated borrow fee, tight float utilization. The score is descriptive (these conditions exist) not predictive (a squeeze will happen), a catalyst is still required to ignite covering.

How often does the TOPS squeeze score update?

The squeeze score recomputes once daily after the US market close (typically by 9 PM ET, after FINRA settlement files post). Borrow fee and float utilization refresh daily; short interest refreshes bi-monthly on FINRA's settlement schedule with a roughly 10-business-day delay. Real-time short interest does not exist publicly in US markets.

Is TOPS on the FINRA threshold list?

Yes, TOPS appears on the current FINRA Threshold Securities List, meaning aggregate failures-to-deliver have exceeded the regulatory threshold for at least five consecutive settlement days. Threshold inclusion is a backward-looking confirmation of covering pressure. See all stocks on the threshold list today.

§06 // OPEN_TERMINAL

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