EquiLend Borrow Quantity of LiveWire (LVWR) had been climbing steadily ahead of the July 23 revenue results, rising from about 1.7 million shares in early June to 3.1 million by July 22 as bearish demand built into earnings, pushing EquiLend Utilization from 61% to more than 90%. After results, borrow quantity spiked further to about 4.7 million shares as new positioning flooded in, driving utilization above 95%. In parallel, EquiLend Cost to Borrow doubled overnight to more than 10,000 bps on July 24, reaching about 79,000 bps by August 3 as tightening supply sent rates to extreme levels.

LiveWire, a Harley-Davidson majority-owned electric motorcycle spinout, reported 55% revenue growth to $9.1 million on July 23, driven by a 386% surge in units as the new S4 Honcho platform entered production. But costs still eclipsed revenue, the net loss held at $18.2 million, and the cash runway is shortening, leaving bears unconvinced that the growth story changes the underlying picture.

As LiveWire revs its engine on growth but struggles to reach profitability, subscribe to EquiLend’s real-time data to track every shift in short interest and see how the market is positioning.