Short Sellers Pile In — and Bail Out

Short interest shifted sharply this week. WaterBridge Infrastructure saw the biggest move. Its SI % of free float jumped from 30% to 83% in just seven days — a 53 percentage point surge.

Wolfspeed remains the most extreme case. SI hit 113% of free float. Availability has dropped to zero. That means no shares left to borrow. With a cost to borrow near 9.4%, the squeeze risk is real.

Cerebras Systems also drew fresh attention. SI climbed from 32% to 38% of free float. The AI chip company has been widely discussed on social platforms. Bears are still building positions.

Credit Acceptance Corp saw a sharp rise too. SI moved from 14% to 21% of free float. The auto lender faces mounting concerns over consumer credit quality.

On the other side, Salesforce saw short sellers exit. SI fell from 6.2% to 4.1% of free float. That is a notable reduction for a $126bn company — shorts may be cutting losses ahead of earnings season.

EchoStar also saw covering activity. SI dropped from 31% to 28% as its restructuring story grinds forward.

This is not financial advice.