Bears Pile In: AI and EVs in the Crosshairs

Short sellers ramped up bets across AI and EV names this week. The biggest mover was SHAZ (SharonAI Holdings). Its short interest jumped 41.7 percentage points in seven days. It now sits at 54.5% of free float. That is a dramatic build in a single week.

WOLF (Wolfspeed) remains the most-shorted name tracked. Short interest hit 103% of free float. Availability is zero — there are no shares left to borrow. That squeeze risk is extreme.

AI chip name CBRS (Cerebras Systems) also drew fresh shorts. SI rose 6.8 points to 32.4% of free float. Bears are growing more skeptical of the AI infrastructure rally.

On the EV side, LCID (Lucid Group) carries a 32.2% short interest with a cost to borrow of 25.1% — one of the highest CTBs in the market. CAR (Avis Budget) climbed to 48.2% SI, up 2.3 points on the week.

Short covering was visible too. CRM (Salesforce) saw SI drop 2.3 points to 5.5%. BIRK (Birkenstock) shed 3.5 points to 26.8%.

GME remains a social media favourite at 12.7% SI. TSLA stays lightly shorted at just 2.9%.