Short sellers are targeting two clear themes. Wolfspeed remains the most extreme case. Short interest hit 129.9% of free float, up 27 points in a week. Zero shares are available to borrow. Options markets are reinforcing the bearish view, with expiries running through August. The eVTOL space is also under fire. Archer Aviation short interest rose to 18.7% of FF. Joby Aviation climbed to 15.2%. Bears are betting the flying car timeline slips further.
AI infrastructure stocks face growing short pressure. CoreWeave short interest jumped to 23.6% of free float. Nebius Group hit 26.4%. The moves coincide with a BIS warning that AI "exuberance" risks a lengthy investment bust if returns disappoint — a macro headwind for the sector.
Filings posted this week show heavy executive selling. NVDA director Mark Stevens sold $186M in shares on June 18. ASTS CEO Abel Avellan sold $146.7M worth on June 22. At AGX (Argan), six insiders sold a combined $79.2M — a rare cluster of coordinated selling at one company.
Analysts lifted MU targets to $1,410 after strong memory chip results. Rail stocks UNP, NSC, and CSX all received coordinated upgrades on improving freight outlook. Eyes now turn to earnings: NKE reports Tuesday after the close, followed by STZ. GIS drops numbers Wednesday. SpaceX bonds sold off sharply after its $25bn debt deal, a reminder that private credit markets remain jittery heading into the 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.
