Most Shorted Stocks Today: May 6, 2026 — Top 25 Squeeze Candidates
RAYA leads Tapeboard's most-shorted-stocks board for May 6, 2026 with a maxed-out squeeze score of 100 driven by a 234.5% borrow fee and 100% float utilization, while 21 of the top 25 are flagged on the FINRA threshold short-volume list.
Today's Tapeboard short squeeze leaderboard for May 6, 2026 is led by RAYA at a maxed-out squeeze score of 100, powered by an annualized borrow fee of 234.5% and 100% float utilization — despite short interest of just 8.0% of float. Beneath RAYA, the board skews toward consumer-discretionary and biotech names with deep three-handle SI%Float reads, and 21 of the top 25 carry the FINRA threshold short-volume flag — a sustained-pressure pattern suggesting covering, not new shorting, will dictate the next leg.
May 6, 2026 Top 25 Short Squeeze Candidates
| Rank | Symbol | Squeeze Score | SI % Float | Borrow Fee | Days to Cover | T |
|---|---|---|---|---|---|---|
| 1 | RAYA | 100.0 | 8.0% | 234.5% | 0.0 | T |
| 2 | GRPN | 87.3 | 59.4% | 0.8% | 9.1 | T |
| 3 | PLAY | 80.2 | 60.7% | 0.5% | 3.9 | T |
| 4 | CVNA | 76.8 | 67.5% | 0.3% | 4.9 | T |
| 5 | INDI | 70.8 | 30.6% | 4.8% | 18.4 | T |
| 6 | RXRX | 70.7 | 34.9% | 1.6% | 14.0 | T |
| 7 | RUM | 70.1 | 26.0% | 41.7% | 17.5 | T |
| 8 | CLSK | 70.0 | 46.3% | 0.3% | 4.3 | T |
| 9 | NTLA | 69.2 | 36.8% | 0.4% | 12.4 | |
| 10 | BTDR | 67.1 | 36.1% | 0.7% | 6.7 | |
| 11 | JFBR | 67.0 | 4.1% | — | 0.6 | |
| 12 | EVGO | 66.8 | 34.9% | 0.8% | 9.6 | T |
| 13 | IBRX | 66.1 | 36.1% | 4.6% | 6.2 | T |
| 14 | ATPC | 64.9 | 0.7% | 300.8% | 0.0 | T |
| 15 | NVAX | 63.8 | 28.5% | 0.5% | 12.4 | T |
| 16 | RH | 63.4 | 38.1% | 0.3% | 3.1 | T |
| 17 | AI | 62.8 | 33.1% | 0.3% | 9.2 | T |
| 18 | BEAM | 62.5 | 33.5% | 0.3% | 10.4 | T |
| 19 | TWST | 62.3 | 30.5% | 0.3% | 12.2 | |
| 20 | UPST | 62.3 | 33.4% | 0.5% | 6.0 | T |
| 21 | ARCT | 61.9 | 33.2% | 0.6% | 11.9 | T |
| 22 | BYND | 61.8 | 31.1% | 22.7% | 4.6 | T |
| 23 | TRIP | 61.6 | 37.0% | 0.4% | 7.4 | T |
| 24 | ABCL | 60.8 | 20.3% | 1.8% | 19.0 | T |
| 25 | CRSP | 60.4 | 27.0% | 0.4% | 14.0 | T |
Top 5 Setups for May 6, 2026
1. RAYA — Squeeze Score 100
RAYA tops the May 6, 2026 board on borrow-cost extremity rather than positioning. Short interest is only 8.0% of float at $4.41, but the borrow fee runs 234.5% annualized and float utilization sits at 100% — every borrowable share has already been lent out. Days to cover is effectively zero at 0.04, meaning there is no overhang of shorts to unwind, but it also means a forced recall has nowhere to source replacement borrow. The squeeze mechanism here is supply-side: if any holder pulls shares from the lending pool or the fee climbs further, the existing short book is mechanically forced to cover into a thin tape.
2. GRPN — Squeeze Score 87.3
GRPN is the textbook crowded-short setup at $15.90. Short interest is 59.4% of float, days to cover is 9.1, and 47.4% of the float is currently lent out — well below the borrow-availability ceiling, so shorts are not yet cost-pressured (fee is just 0.8%). 5-day momentum is already +11.3%, meaning the tape has begun to move against the position. The path here is straightforward: continued upside that triggers risk-management covering at sequentially higher prints, with nine cover-day inventory to chew through before the position fully unwinds.
3. PLAY — Squeeze Score 80.2
PLAY carries 60.7% short interest at $10.97 with a borrow fee of just 0.5% — an unusually cheap stock-loan rate given how heavily owned the position is. Days to cover sits at a moderate 3.9, and 33.7% of float is currently utilized for borrow. The setup mirrors GRPN structurally (high SI, cheap borrow) but with more cover-side breathing room. A positive comp-sales surprise or guide-up event would force concentrated covering against a 60%-shorted float, with the borrow desk having no cost lever to slow the unwind.
4. CVNA — Squeeze Score 76.8
CVNA is the mega-cap anomaly on the board at $390.50, with 67.5% short interest — the highest SI%Float read in the top 25. Borrow is dirt cheap at 0.3% and float utilization is just 10.2%, which tells you institutions still hold the lendable supply and are not cost-rationing access. Days to cover sits at 4.9. The squeeze geometry here is index-flow driven: at a 67%-shorted float, any sustained passive bid or short-rebate compression can lift this name disproportionately to underlying news.
5. INDI — Squeeze Score 70.8
INDI at $4.50 is the high-DTC name in the top tier — 18.4 days to cover against a 30.6% short-of-float position, with a 4.8% borrow fee that sits meaningfully above the cost-of-carry floor for a non-stressed name. Float utilization of 31.3% suggests room for the borrow pool to tighten before mechanical covering kicks in. The squeeze risk here is duration: with nearly four weeks of average volume needed to unwind the short book, even a modest catalyst can extend the cover into a multi-week grind higher.
Stocks Flagged on the FINRA Threshold List
The "T" column marks symbols on the FINRA Consolidated NMS daily short-volume threshold — names where short-side trading has accounted for more than 50% of total reported volume across recent sessions. 21 of today's top 25 carry the flag, signalling sustained — not episodic — short-side pressure on the tape. Full threshold definitions and how the flag interacts with the score live at /methodology/short-squeeze-score.
How the Tapeboard Squeeze Score Is Built
The 0–100 score is a weighted blend of five inputs: 35% short interest as a percent of float (Yahoo), 25% borrow fee from IBKR via iborrowdesk, 20% float utilization, 15% days to cover, and 5% 5-day price momentum (Schwab). Each component is normalised across the universe before weighting, so a score of 100 reflects an extreme reading on the dominant input — RAYA's 100 is fee-driven, while CVNA's 76.8 is short-interest-driven. Full methodology: /methodology/short-squeeze-score.
Tomorrow's Update
The board recalculates intraday — the live leaderboard reflects the current session's data and refreshes for May 7, 2026 at the next close.