{"slug":"fully-paid-securities-lending","qid":"borrow_demand","label":"Days to cover: household names against the most in-demand liquid borrows","post_title":"Fully Paid Securities Lending Explained","post_url":"/blog/fully-paid-securities-lending#q-borrow_demand","columns":["ticker","days_to_cover"],"rows":[{"ticker":"MPT","days_to_cover":30.82},{"ticker":"OCGN","days_to_cover":21.55},{"ticker":"INDI","days_to_cover":16.62},{"ticker":"IBRX","days_to_cover":14.49},{"ticker":"NWBO","days_to_cover":10.82},{"ticker":"JNJ","days_to_cover":2.99},{"ticker":"XOM","days_to_cover":2.94},{"ticker":"AAPL","days_to_cover":2.42},{"ticker":"KO","days_to_cover":2.39},{"ticker":"MSFT","days_to_cover":2.03}],"shape":"ranking","sql":"SELECT\n    ticker,\n    round(argMax(days_to_cover, settlement_date), 2) AS days_to_cover\nFROM global_markets.stocks_short_interest\nWHERE settlement_date >= today() - 45\n  AND ticker NOT IN ('SPCX')\n  AND (\n        ticker IN ('AAPL', 'MSFT', 'KO', 'XOM', 'JNJ')\n        OR ticker IN (\n            SELECT ticker\n            FROM\n            (\n                SELECT\n                    ticker,\n                    argMax(days_to_cover, settlement_date) AS dtc\n                FROM global_markets.stocks_short_interest\n                WHERE settlement_date >= today() - 45\n                  AND avg_daily_volume > 5000000\n                  AND ticker NOT IN ('SPCX')\n                GROUP BY ticker\n                ORDER BY dtc DESC\n                LIMIT 5\n            )\n        )\n      )\nGROUP BY ticker\nORDER BY days_to_cover DESC","computed_at":"2026-08-22T04:06:30.420022+00:00","elapsed":0.043387445}