Short sellers made aggressive moves this week. Wolfspeed tops the leaderboard with SI % FF at 129.9% — up nearly 27 points in seven days. Zero shares are available to borrow. Bears clearly see more pain ahead for the struggling chipmaker.
Lucid Group is another EV name drawing fire. SI rose to 39.2% from 32.2% last week. Cost to borrow spiked to 77.9% APR — one of the highest in the market. With near-zero availability, new short positions are almost impossible to open.
Frontier Group saw SI jump 8.6 points to 42.2% in seven days. The budget airline faces continued pressure, though availability remains high at 176%, suggesting shorts can still get in.
Restaurant Brands International — owner of Burger King and Tim Hortons — was a surprise new entrant. SI climbed 8.2 points to 14.8% with nearly 243% availability. Bears appear to be targeting the fast-food giant.
On the cover side, Avis Budget saw the biggest short covering among large caps. SI dropped nearly 8 points to . Crypto miner also saw notable covering, falling 5.8 points to .
Bitcoin's drop below $60,000 may be keeping pressure on crypto-linked names, while EV stocks remain a favourite short target heading into quarter-end.
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.
