Liquid Option Names See Borrow Rate Increases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 hours ago
0mins
Latest data shows the largest indicative borrow rate increases among liquid option names include: Yellowstone Midco Holdings Ii, Llc (YSS) 18.35% +1.98, Vivopower Plc (VIVO) 15.14% +1.19, New Fortress Energy (NFE) 19.86% +0.95, Merlin Inc (MRLN) 38.55% +0.67, WhiteFiber Inc (WYFI) 9.26% +0.51, Starfighters Space, Inc. (FJET) 71.88% +0.39, GraniteShares 1.5x Long COIN Daily ETF (CONL) 11.23% +0.38, Outlook Therapeutics Inc (OTLK) 29.93% +0.35, Ocugen (OCGN) 1.23% +0.34, and BioSig Technologies Inc (STEX) 6.85% +0.32.
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Analyst Views on YSS
Wall Street analysts forecast YSS stock price to rise
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Current: 31.990
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Current: 31.990
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About YSS
York Space Systems Inc., formerly Yellowstone Midco Holdings II, LLC, is a space and defense prime providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers. The Company is a provider to the United States Department of Defense’s (DoD) Proliferated Warfighter Space Architecture (PWSA). The Company has demonstrated Link-16 connectivity from space. It offers mission solutions across several complementary product categories: Components, Subsystems, Spacecraft Platforms, Ground Operation, Global Downlink, and Software-Enabled Services. Its S-CLASS, LX-CLASS, and M-CLASS platforms are versatile spacecraft designed to scale across diverse mission needs. Its proprietary software suites, both in orbit on the spacecraft and on the ground in its operation centers, integrates mission planning, ground operations, and autonomous flight control to deliver low-touch operations across single satellites and large constellations.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- IPO Performance: York Space Systems successfully completed its initial public offering (IPO) in January 2026, selling 18.5 million shares at $34 each, indicating its market potential in the space and defense sectors.
- Declining Gross Margin: In its Q1 2026 earnings call, the company reported a gross margin of 19%, down 4 percentage points year-over-year, primarily due to estimate at completion (EAC) adjustments, highlighting challenges in cost management.
- Revenue Timing Issues: The company indicated that some revenue originally expected in Q2 2026 would be delayed into Q3, with potential spillover into Q4, which could negatively impact overall financial performance.
- Significant Stock Price Drop: Following the earnings report, York Space Systems' stock price plummeted from $28.94 on May 14 to $24.02 on May 15, a decline of approximately 17%, reflecting investor concerns about the company's future outlook.
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- Investigation Launched: Pomerantz LLP is investigating claims on behalf of York Space Systems investors regarding potential securities fraud or unlawful business practices by the company and its executives, indicating serious concerns about corporate governance.
- Revenue Crisis: A report by Wolfpack Research states that the Pentagon's cancellation of the Tranche 3 Transport Layer project, which accounted for 96% of York's annual revenue, poses a significant threat to the company's financial stability.
- Stock Price Plunge: Following the report's release, York's stock price fell by $7.64, or 21.29%, over two trading sessions, closing at $28.24 per share, reflecting extreme market pessimism about the company's future.
- Legal Implications: Pomerantz LLP, recognized for its expertise in securities class action litigation, may seek damages for affected investors, further intensifying the legal and financial pressures facing York.
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- Securities Fraud Investigation: The Portnoy Law Firm has initiated an investigation into York Space Systems for potential securities fraud, indicating that the company may face a class action lawsuit, which could undermine investor confidence and impact stock performance.
- IPO Performance Review: York Space Systems successfully completed its IPO in January 2026, offering 18.5 million shares at $34 each, but despite marketing its scalable satellite manufacturing capabilities, subsequent financial disclosures have raised concerns among investors.
- Declining Gross Margin: In its Q1 2026 earnings call, York reported a gross margin drop to 19%, down 4 percentage points year-over-year, attributed to estimate at completion adjustments that increased material and labor costs, highlighting challenges in cost management.
- Significant Stock Price Drop: Following the financial disclosures, York's stock price fell by $4.92, or approximately 17%, from $28.94 on May 14, 2026, to $24.02 on May 15, indicating a loss of investor confidence in the company's future profitability.
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- MDA Space Performance: Founded in 1969, MDA Space is projected to achieve a record revenue of CA$1.6 billion and a net income of CA$108.5 million in 2025, showcasing its robust profitability and long operational history, making it a focal point for investors.
- HawkEye 360 Market Potential: Established in 2015, HawkEye 360 expects to report a net income of $2.7 million in 2025, with a backlog of approximately $320 million, indicating strong demand in the government contract sector, and anticipates the global RF spectrum market to reach $34 billion by 2030.
- York Space Systems Expansion: Since its founding in 2012, York Space Systems has completed 74 missions, generating $386 million in revenue in 2025, a 52% increase from 2024, and has bolstered its competitive edge through acquisitions of Orbion and ALL.SPACE, emphasizing its strategy of quick delivery and cost efficiency.
- Investment Outlook in Space Sector: While the SpaceX IPO garners significant attention, companies like MDA Space, HawkEye 360, and York Space Systems present their own investment opportunities, particularly MDA Space, which is viewed as the most attractive due to its profitability and established history.
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- Space Stock Surge: With the SpaceX IPO approaching, companies like HawkEye 360, York Space Systems, and MDA Space have gone public this year, drawing investor interest, particularly as the SpaceX IPO is anticipated to be the largest space stock offering of the year.
- MDA Space's Strong Performance: Founded in 1969, MDA Space achieved a record revenue of CA$1.6 billion in 2025, along with a net income of CA$108.5 million, demonstrating its robust profitability and long-term operational advantages in the space industry.
- HawkEye's Growth Potential: HawkEye 360 reported a net income of $2.7 million in 2025, and despite its smaller scale, its backlog of $320 million and a total addressable market potential of $34 billion indicate significant future growth opportunities, especially in government contracts.
- York Space Systems Expansion: York Space Systems saw a 52% revenue increase to $386 million in 2025 and holds a backlog of $543 million, showcasing its competitive edge in rapid delivery and low-cost products, making it a potential long-term investment worth considering.
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- Key Conference Disclosure: York Space Systems CEO Dirk Wallinger is set to present at the 2026 Jefferies Space Virtual Summit on May 26, 2026, where he may disclose material developments affecting the company's business and financial performance, potentially generating positive investor sentiment.
- Event Timing: The presentation is scheduled for 12 PM MT (2 PM ET) and will last for 30 minutes, with investors able to access the live audio webcast via the company's website, enhancing engagement with stakeholders.
- Company Overview: York Space Systems is a leading U.S.-based national defense and commercial prime contractor providing a comprehensive suite of mission-critical solutions, emphasizing its significant role in addressing complex needs for national security, government, and commercial clients.
- Technological Capability Advantage: As one of the few space and defense primes with proprietary hardware and software capabilities, York is equipped to meet complex mission requirements throughout the entire mission lifecycle, underscoring its strategic importance in addressing evolving national security space challenges.
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