It's the final Sunday of Q2 and the data is pointing in one direction: hedgers are busy, insiders are selling, and earnings season is about to begin.
Wolfspeed is the most extreme case in the market right now. Short interest hit 130% of free float. Availability has collapsed to zero. Bears are fighting for shares that barely exist. Lucid Group tells a similar story — SI at 39.2% with a cost to borrow of 77.9%. Both names carry explosive squeeze potential heading into July.
Restaurant Brands International posted the biggest surprise of the week. Short interest doubled in seven days, jumping from 6.6% to 14.8% of free float. That's an unusual move on a $25 billion market cap name. Frontier Group also saw a sharp +8.6 percentage point spike.
The filing wires showed heavy selling. ASTS CEO Abel Avellan sold $146.7 million worth of shares on June 22. director Mark Stevens sold roughly $186 million across two trades on June 18. Both are profit-taking at elevated prices — not panic, but notable scale.
Micron Technology drew the most bullish analyst attention. The consensus target rose to $1,410. Bears hold just 3.7% of its free float. Analysts also lifted targets on Union Pacific, Norfolk Southern, and CSX in the same session — a coordinated sector upgrade signalling confidence in freight.
Nike reports after the close on June 30. General Mills follows the same day. Constellation Brands also reports Monday. FactSet Research Systems carries the heaviest short load of the group at 14.7% of free float — traders will be watching its guidance closely.
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.
