Where can I find live short interest rate, what does it mean if the borrow fee is high

The live short interest rate, also known as the borrow fee, can be found through various financial platforms and brokers. High borrow fees indicate that many short sellers believe a stock will decline in value, making it a risky investment. Here's what you need to know:

1. High Borrow Fees: A high borrow fee means that the cost of borrowing shares to sell short is significantly higher than average. This indicates that there is a high demand to borrow the stock, often due to expectations of its price decline.
2. Interpretation: A high borrow fee can be an indicator of market sentiment. It suggests that investors are confident about the stock's potential decline, which could be due to negative news, industry trends, or other factors. High borrow fees can also reflect the liquidity and market capitalization of the stock.
3. Strategic Considerations: For short sellers, high borrow fees can be a double-edged sword. While they can earn substantial returns if their predictions of the stock's decline are correct, the high fees can substantially offset their gains. Long investors, on the other hand, might avoid stocks with high borrow fees due to the increased risk.
4. Calculating Borrow Fees: Borrow fees are typically calculated as a percentage of the borrowed shares' value and are assessed daily. They can vary widely, from as low as 0.25% to over 100% for hard-to-borrow stocks.