Bears Target Cerebras as Rental Car Shorts Build

Short sellers made their biggest move of the week against CBRS. Cerebras Systems saw its SI % of free float rocket to 25.6% — up from 6.2% just seven days ago. That's a 19-point jump in a week, the sharpest rise in the US mid-cap universe.

The rental car trade is heating up too. CAR (Avis Budget) hit 45.8% SI % FF, up from 39.6% a week ago. HTZ (Hertz) sits at 44.5%, also up around 4.6 points. Bears are clearly pressing the pair as oil prices slide on Trump's Iran deal news.

On the squeeze side, WOLF (Wolfspeed) saw shorts retreat sharply. SI % FF fell from 112% to 95.7% in a week — a 16-point cover. Availability sits at zero, meaning shorts covering have nowhere easy to hide.

Social platforms have been buzzing about NVDA and TSLA. Both remain lightly shorted at 1.2% and 2.7% respectively — bears are not piling in despite chip sector volatility headlines. PLTR holds steady at just 3.1% SI % FF.

GRND (Grindr) also caught attention — SI jumped 10 points to 22.2% in seven days, a notable new bearish bet on the social platform name.