Bears Circle Wolfspeed as Short Squeeze Looms

WOLF has hit a remarkable milestone: short interest now stands at 103% of free float. That means more shares are shorted than freely available. The cost to borrow is 7.6%. Bears are deeply committed to this semiconductor turnaround story.

SHAZ — SharonAI Holdings — saw the biggest weekly jump. SI % FF leapt from 12.8% to 54.5% in just seven days. At 10.4% cost to borrow, shorts are paying up to press this AI-linked name.

CBRS (Cerebras Systems) also saw shorts pile in. SI climbed from 25.6% to 32.4%. Zero availability means there are no more shares to borrow. A squeeze risk is building.

On the other side, HIMS shorts got burned. The stock ripped 23% higher after earnings. SI sits at 28% of FF — but bears are now bleeding. ORTEX flagged the pain in real time.

BIRK (Birkenstock) saw shorts retreat. SI fell from 30.2% to 26.8%. The cost to borrow remains extreme at 21.4%. Short covering looks to be driving some of that move.

ULCC cost to borrow doubled in one week to 0.54%. SI is easing — down to 33.6% from 36.1% — but the squeeze watch remains active.

This is not financial advice. Short interest data sourced from ORTEX.