MWC (Micware Co., Ltd.) is a NASDAQ-listed company headquartered in Japan, providing software solutions primarily for the automotive sector.
The IPO took place on May 14. The float is approximately 3.2 million shares. Toyota holds an 11% stake in the company. Micware maintains significant strategic partnerships with Toyota and Honda.
The cost to borrow (CTB) rate has been rising steadily since the IPO, reaching an extreme level of 1,000%.
This indicates increasingly expensive short-selling conditions and tightening share availability in the lending market.
Not financial advice. Shared for info only. Please do your own research