Bears Pile Into Cerebras, Avis, Wolfspeed

Short sellers moved hard into CBRS this week. Cerebras Systems' short interest as a % of free float jumped to 25.6% — up a massive 19.4 percentage points in just seven days. The AI chip maker has faced skepticism since its Nasdaq debut, and bears are betting the hype fades.

CAR — Avis Budget Group — also drew fresh shorts. SI climbed to 45.8% of free float, up 6.2 points in a week. Car rental stocks remain under pressure as autonomous vehicle narratives darken the outlook.

The standout crowded short remains WOLF. Wolfspeed sits at a staggering 95.7% SI % FF. Availability has hit zero — no shares left to borrow. Cost to borrow is 8.3% APR. A short squeeze here would be explosive if any catalyst emerged.

Social media favourite SOUN — SoundHound AI — holds a high 38% short interest. Bears have added modestly this week. It remains one of the most watched names on retail trading forums.

GME and CHWY both saw small SI reductions. GameStop edged down to 12.8%. Chewy dropped from 71.7% to 69.9% — still one of the most shorted mid-caps in the US market.

TSLA shorts stayed flat at just 2.75% — barely worth noting in this context.

Trump's threat of 100% tariffs on French wine, aimed at forcing France to drop digital taxes on AAPL, AMZN and META, could add macro pressure to already-stressed consumer names this week.