AI name SHAZ (SharonAI Holdings) drew the sharpest short interest spike of the week. Bears pushed SI from 12.8% to 54.5% of free float in seven days. Borrow availability collapsed to just 5.3%. WOLF (Wolfspeed) remains in extreme territory at 103% of free float shorted. Short sellers are firmly doubling down on the chip maker. AI hardware peer CBRS also attracted fresh bears, with SI climbing to 32.4%.
Major insider selling defined the week. Silver Lake Group filed over $869 million in DELL sales between June 4 and June 17. At AMAT, seven insiders sold more than $107 million combined. CEO Gary Dickerson alone filed $39 million in sales on June 17. Power firm saw four insiders exit $41.8 million at prices near multi-year highs. The volume and clustering of these sales at elevated price levels is notable.
Accenture took the biggest analyst cut. The consensus target fell to $197.65 from $208.16 — a $10.50 drop. LULU also slipped, with its target trimmed to $132.16. Gaming bucked the trend. Take-Two Interactive holds near-unanimous Buy ratings from 28 of 30 analysts.
Carnival Corporation kicked off earnings today. FedEx reports Monday and Micron Technology follows Tuesday. Micron is the marquee event. The $1.28 trillion chipmaker sits at the center of AI memory demand. Options traders are already stacking expiries around the print. Short interest in MU is just 3.3% of free float — bears are not in the way.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
