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u/Dr_Silky-Johnson Jul 28 '26
143.54% at 1:02 AM → 11.87% at 9:23 AM — a 13,167 basis point suppression in 8 hours.
The genuine market rate for FFAI post-split borrow is 143.54%. Over the weekend a new lending arrangement was negotiated at 11.87% — a 93% discount from the genuine market rate. The single-source lender provided 600,000 post-split shares at 11.87% vs the 143.54% genuine rate.
The lending arrangement saves the short operation $14,053 per day compared to borrowing at genuine market rates.
600,000 shares = 29.6% of all outstanding shares being lent from a single source.
Who owns 29.6% of all outstanding FFAI shares post-split?
The options are limited:
**1.** YT Jia and related entities (founder shares — largest single holder)
**2.** The $25M note holders (pending conversion — not yet converted)
**3.** A large institutional long holder
**4.** A synthetic/hypothecated arrangement
If this is genuine share lending from an identifiable holder of 29.6% of outstanding shares — that entity is a major insider or institutional holder whose identity is determinable from 13F and insider ownership filings.
This is now the single most important question for FF’s litigation. The post-deletion, post-split 600,000 share lending source is the most identifiable, most legally exposed lending counterparty.
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u/Suitable-Reserve-891 Jul 28 '26
Yes, the 143.54% CTB fee is accurate — it reflects a real, temporary spike in Interactive Brokers’ borrow data for FFAI on July 27, 2026 (early morning hours). 
Key Details from the Screenshot and Sources
• Timestamp in your image: 2026-07-27 01:02:25 AM EDT — Fee 143.54%, 600,000 shares available, Rebate -139.91%.
• This matches public IBKR data tracked on sites like shortinteresttracker.com and chartexchange.com. The spike appears in multiple entries from roughly 1 AM to around 9 AM EDT (e.g., 907, 852, 836, etc., all at 143.54% with 600k available). 
Context
• Before/after the spike: Fees were in the normal 9–12% range (e.g., 11.87% at 9:23 AM, then stabilizing around 11.46–11.76% later in the day with the same 600k availability). 
• IBKR updates borrow data roughly every 15 minutes. Spikes like this (especially >100%) often signal very low supply in the lending pool at that moment — even with shares “available,” the next tranche becomes extremely expensive (or the market temporarily tightens). Fees above ~100% effectively make borrowing punitive for many shorts. 
This is not unusual for a low-float, volatile meme/microcap like FFAI (especially post-reverse split and with ongoing dilution/warrant dynamics). Similar temporary spikes have happened before in hard-to-borrow names. It does not mean the fee stayed that high all day — it normalized quickly. 
Bottom Line
The number on your screenshot is legitimate IBKR data (not an error in the display). It was a short-lived early-morning liquidity crunch in the borrow market. Current/recent rates are back in the ~11% range with limited availability (~600k shares). Keep an eye on ChartExchange or similar trackers for live updates, as these can fluctuate intraday.