Short sellers made bold new moves this week. WaterBridge Infrastructure saw the sharpest jump — SI % of Free Float leapt from 30% to 83% in just seven days. That is a 53-point surge. Availability has also tightened to just 12%, signalling bears are crowding in fast.
Wolfspeed remains the most extreme name on the board. SI hit 113% of free float as of June 23. Availability is effectively zero. The silicon carbide chipmaker continues to attract heavy short conviction, with cost to borrow at 9.4%.
Cerebras Systems climbed to 38% SI this week, up 6.6 points. The AI chip company, which went public last year, is attracting growing bearish attention with zero availability left.
Credit Acceptance Corp also drew fresh shorts, rising to 21% SI from 14% a week ago. Bears appear to be targeting the subprime auto lender amid rising consumer credit stress.
On the squeeze side, AMTD Digital flags as a watch name. Utilization hit a 52-week high of 91.9% today. Availability dropped to 46.6%. Cost to borrow stands at 17.5%.
Salesforce saw the biggest cover of the week among large caps. SI dropped 2.1 points to 4.1%. EPAM Systems also saw meaningful covering, falling 1.8 points to 17.7%.
This is not financial advice.
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.
