Disclosures

Last updated 16 August 2026

This is research, not advice

Cover or Die is an impersonal research publication. It ranks US-listed equities on publicly reported short-side data and publishes the same board, on the same schedule, to every subscriber. It is not an investment adviser, a broker-dealer, or a financial planner, and nothing it publishes is a recommendation to buy, sell, or hold any security.

We do not know your financial circumstances, your holdings, your income, your tax position, your risk tolerance, or your goals — and we do not want to. Nothing on this site is tailored to any individual, and no part of it should be read as a suggestion that any security or strategy is suitable for you. Decide for yourself, and consider getting advice from someone licensed to give it.

Scores are rankings, not predictions

The squeeze score is a weighted blend of seven signals, each ranked as a percentile against that day's universe. A high score means a name ranks highly on those measures relative to other names on that day. It is not a forecast, not a probability that a squeeze will occur, and not a statement that the security will rise or fall. Names that score highly frequently do nothing, and names that score poorly sometimes move violently.

Historical and backtested figures

Where we publish historical base rates, replay results, or tracked performance, those figures are derived by applying our own scoring to our own stored archive after the fact. They are hypothetical. They are not the results of any actual account, no subscriber earned them, and they do not account for commissions, slippage, taxes, borrowing costs, or the practical difficulty of borrowing shares in exactly the names the score favours. Backtested results are produced with the benefit of hindsight and are not indicative of future results.

Statistics below our evidence thresholds are withheld rather than shown weak, and periods where the score performed badly are published alongside periods where it performed well.

Data is delayed, and sometimes wrong

Short interest comes from FINRA's bi-monthly file, which settles twice a month and publishes roughly eight trading days later. Daily short volume publishes the following trading day. Prices, fundamentals, and ownership figures come from third-party providers. Everything on this site is delayed, and every figure carries its as-of date. No exchange publishes a live short-interest-as-a-percent-of-float figure; any service showing you one is showing you an estimate.

Third-party data contains errors, and our processing of it can contain errors. We publish it as received and as computed, without warranty of accuracy or completeness.

Risk of loss

Trading equities involves risk, including the total loss of capital. Short-squeeze candidates are, by construction, heavily shorted, volatile, and often small or thinly traded — a category with above-average risk of rapid and severe loss in both directions. Short selling carries theoretically unlimited loss. Past behaviour of any security or strategy does not indicate future behaviour.

Nobody pays us for coverage

We do not accept, and have never accepted, compensation of any kind from any issuer, promoter, investor relations firm, or third party in exchange for covering, ranking, featuring, or writing about a security. Rankings are produced mechanically from the data. No security can buy its way onto the board or off it.

Our own positions

The operator of Cover or Die may hold positions in securities that appear on the board. We do not trade ahead of publication in order to profit from what we publish.

AI-generated content

Parts of this service — research reports, summaries, and the assistant — are generated by large language models working from our cached data and cited sources. They can be wrong, can misread a source, and can present a confident answer built on an incomplete one. Citations are provided so you can check the underlying source yourself, and you should.

Terms of service

Cover or Die is in private beta: access is by invitation, there is no charge, and there are no paid plans today. These Terms still apply to everyone with access.

1. Agreement

By accessing Cover or Die (the “Service”) you agree to these Terms and to the disclosures above. If you do not agree, do not use the Service.

2. Who may use it

You must be at least 18 and able to form a binding contract. You may not use the Service if you are barred from doing so under the laws of your jurisdiction or subject to applicable sanctions. During the private beta, access is by invitation only.

3. What the Service is

The Service is an impersonal research publication: rankings, scores, and written analysis of publicly reported short-side data, distributed on the same schedule to every subscriber. It is not investment advice, not a recommendation, and not tailored to you. The disclosures above form part of these Terms.

No fiduciary or advisory relationship. Using the Service does not create an advisory, fiduciary, brokerage, or agency relationship between you and us. We owe you no duty of care in respect of your trading decisions. We do not know, monitor, or manage your account, your positions, or your exposure, and we have no obligation to update, correct, withdraw, or continue publishing anything once it is published.

You acknowledge and agree that: you are solely responsible for your own investment decisions and for evaluating the merits and risks of any transaction; you are not relying on us, and it would be unreasonable to rely on us, for any judgement about whether a security or strategy is suitable for you; you have the knowledge and experience to evaluate that yourself, or will obtain advice from someone licensed to give it; you can afford to lose the entire amount you put at risk; and any decision you take after reading anything published here is your decision alone.

4. Accounts

Accounts are personal and may not be shared, transferred, or resold. You are responsible for your credentials and for activity under your account, and you agree to tell us promptly if you believe it has been compromised. Provide accurate registration information.

5. Acceptable use

You agree not to:

• scrape, crawl, or extract data by automated means, or access the Service other than through its interface;
• redistribute, republish, resell, or sublicense the rankings, scores, reports, or any substantial portion of the data;
• use the Service or its output to build, train, or populate a competing product or dataset;
• reverse engineer the scoring methodology from bulk extraction, or circumvent access controls, rate limits, or the paywall;
• impose an unreasonable load on the infrastructure, or interfere with its operation or security;
• use the Service for any unlawful purpose, including market manipulation or the promotion of a security in which you hold an interest.

6. Intellectual property

The scores, rankings, written analysis, software, and design of the Service are ours or our licensors'. You get a limited, personal, non-exclusive, non-transferable, revocable licence to use them for your own research. No other rights are granted.

Underlying market data is supplied by FINRA and by third-party market-data providers, remains theirs, and may carry its own terms. Nothing here grants you a licence to redistribute it.

7. What you submit

You keep ownership of what you submit — watchlists, saved filters, invite-request notes, and questions you ask the assistant. You grant us a licence to store and process it for the purpose of operating and improving the Service. Do not submit anything unlawful, infringing, or that you are under an obligation to keep confidential.

8. Fees

The Service is currently free during the private beta. If paid plans are introduced: prices and billing periods will be stated at the point of purchase; subscriptions renew automatically until cancelled; cancellation takes effect at the end of the paid period; and fees already paid are non-refundable except where refund rights are required by law. Prices exclude taxes unless stated. We will give notice before charging an existing account.

9. Availability and changes

We do not guarantee uptime. Data feeds fail, third-party providers change or withdraw access, and we may add, change, suspend, or discontinue any part of the Service. Nothing here commits us to publishing on any particular day or to continuing any feature.

10. Disclaimer of warranties

THE SERVICE AND EVERYTHING IN IT ARE PROVIDED “AS IS” AND “AS AVAILABLE”, WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE DATA, SCORES, OR ANALYSIS ARE ACCURATE, COMPLETE, CURRENT, OR ERROR-FREE, OR THAT THE SERVICE WILL BE UNINTERRUPTED. NO OUTCOME IS GUARANTEED.

11. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR ANY TRADING LOSSES, LOST PROFITS, LOST OPPORTUNITIES, OR LOSS OF DATA, ARISING FROM OR RELATING TO THE SERVICE, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY.

OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS RELATING TO THE SERVICE WILL NOT EXCEED THE GREATER OF (A) THE FEES YOU PAID US IN THE TWELVE MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM, OR (B) ONE HUNDRED US DOLLARS.

Some jurisdictions do not allow certain exclusions or limitations, so parts of this section may not apply to you.

12. Indemnification

You agree to indemnify and hold us harmless from claims, losses, and expenses (including reasonable legal fees) arising from your use of the Service, your breach of these Terms, or your violation of any law or third-party right.

13. Termination

You may stop using the Service at any time. We may suspend or terminate access at any time, including for breach of these Terms. Sections 6, 7, and 10 through 17 survive termination.

14. Changes to these Terms

We may update these Terms. Material changes will be noted by updating the date at the top of this page and, for account holders, by email. Continued use after a change means you accept it.

15. Governing law

These Terms are governed by the laws of the State of South Dakota, without regard to conflict-of-law rules. Subject to section 16, the state and federal courts located in South Dakota have exclusive jurisdiction, and you consent to their jurisdiction and venue.

16. Disputes — arbitration and class-action waiver

Please read this section carefully. It changes how any dispute between us is resolved, and it means neither of us goes to a jury.

Talk to us first. Before starting anything formal, you agree to email a written description of the dispute to legal@coverordie.com and to give us 30 days to resolve it.

Binding individual arbitration. If we cannot resolve it informally, you and we agree that any dispute, claim, or controversy arising out of or relating to the Service, these Terms, or the disclosures above — including their formation, breach, enforcement, interpretation, scope, or validity — will be resolved by binding individual arbitration, and not in court. Arbitration is administered by the American Arbitration Association under its Consumer Arbitration Rules, before a single arbitrator, seated in South Dakota or held remotely at your election. The arbitrator decides all issues, including arbitrability, and the award may be entered as a judgment in any court with jurisdiction.

Class-action waiver. You and we each agree to bring claims only in an individual capacity, and never as a plaintiff or class member in any purported class, collective, consolidated, or representative proceeding. The arbitrator may not consolidate claims, may not preside over any representative proceeding, and may award relief only to the individual party seeking it. If this waiver is held unenforceable as to a particular claim, that claim — and only that claim — is severed and proceeds in court under section 15; everything else stays in arbitration.

Coordinated mass filings. If 25 or more demands for arbitration raising substantially similar claims are filed against us within any 60-day period by, or with the coordination of, the same counsel or organisation, all of those demands will be administered under the AAA's supplementary rules for multiple case filings, and the following applies equally to you and to us:

• Bellwether cases. Counsel for the claimants selects five demands and we select five. Those ten proceed individually as bellwether arbitrations; the remaining demands are stayed until they conclude.
• Nothing is lost by waiting. Every applicable limitations period — including the one-year limit in this section — is tolled for each stayed demand from the day it was submitted until the stay lifts.
• Global mediation. After the bellwether awards issue, the parties will jointly attend a single mediation covering the remaining demands. We pay the mediator's fees.
• If mediation fails. Ninety days after the last bellwether award, the stay lifts and the remaining demands proceed in further batches of no more than 50, on the same bellwether-then-mediation pattern.
• You can always leave instead of waiting. Any claimant whose demand is stayed may withdraw it from arbitration and bring that individual claim in small-claims court, or — if the claim exceeds that court's jurisdiction — in the courts named in section 15.
• If this procedure is unenforceable, it is severed and the rest of this section stays in force.

Your right to opt out. You may reject this arbitration agreement by emailing legal@coverordie.com within 30 days of first accepting these Terms, giving your name and the address you registered with. Opting out affects nothing else, and we will not treat you differently for it. If you opt out, section 15 governs instead.

Exceptions. Either of us may bring a qualifying individual claim in small-claims court, and either of us may ask a court for an injunction to protect intellectual property or to stop unauthorised access to the Service.

Jury trial waiver and one-year limit. To the extent any matter does proceed in court, you and we each waive any right to a trial by jury. Any claim, whether in arbitration or in court, must be filed within one year after it arose or it is permanently barred, to the fullest extent such a limit is enforceable where you live.

Survival. This section survives the closing of your account and any discontinuation of the Service.

17. Miscellaneous

If a provision is unenforceable, the rest stays in force. Our failure to enforce a provision is not a waiver. You may not assign these Terms; we may assign them in connection with a merger, acquisition, or sale of assets. These Terms and the disclosures above are the entire agreement between us about the Service.

Privacy

Short version: we collect the little we need to run your account, we run no analytics or advertising, and we do not sell anything about you.

What we collect

Only what the Service needs to work: your name and email so you have an account, whatever you save in the app, your assistant conversations, invite requests, and a single sign-in cookie.

What we do not collect

No analytics, advertising, or tracking software runs on this site. We do not store IP addresses, device identifiers, location, or advertising IDs; we do not track you across other sites; and we do not build profiles of you or sell, rent, or share personal information for advertising. We never ask for brokerage credentials, account numbers, or your holdings. We do not process payments, so we hold no card details.

Who else sees it

A small number of service providers process data on our behalf — infrastructure and authentication providers that host the application and its database. They are bound to use it only to provide those services.

One disclosure deserves to be explicit: assistant conversations are sent to a third-party AI provider to generate an answer, together with the page data used to ground it. Do not put anything in the assistant you would not want leaving our systems.

We may also disclose information if required by law, to enforce our Terms, or to protect the rights and safety of users — and, if the business is ever sold, to the acquirer as part of that transaction.

How long we keep it

While your account is active. Ask us to delete it and we will remove your account and its contents within 30 days, unless we have to keep something to meet a legal obligation. Invite requests we decline are kept so the same address does not re-enter the queue; ask and we will delete yours.

Security

Traffic is encrypted in transit, secrets are encrypted at rest, and access to production systems is limited. No system is perfectly secure, and we cannot promise otherwise.

Your choices

Email legal@coverordie.com to access, correct, export, or delete your information, or to have your invite request removed. Depending on where you live you may have further rights — including, in some US states, to know what is collected, to delete or correct it, and not to be treated differently for asking. We do not sell personal information or share it for cross-context behavioural advertising.

Children

The Service is not directed to anyone under 18, and we do not knowingly collect their information.

Where data is processed

Our providers may process and store information in the United States and other countries, whose data-protection laws may differ from your own.

Changes

We will note updates by changing the date at the top of this page, and will tell account holders by email about material changes.

Contact

Questions about anything above: legal@coverordie.com.