Bears Circle: Wolfspeed, QXO in Focus

Short sellers have been busy this week. Wolfspeed stands out as one of the biggest mid-cap movers. Its SI % of FF jumped 26 points in seven days to a towering 130%. Shares available to borrow hit zero. Cost to borrow sits at 11.1%. That combination signals extreme short pressure — and squeeze risk.

QXO is another name drawing attention. The $12.9B building products roll-up saw its cost to borrow surge 124% in a week to 4.1%, with SI rising to 20.6% of float. Availability has collapsed to just 13% of short interest — bears are paying up to stay short.

On the other side, Graphic Packaging saw short interest plummet 34% in a week to 9.5% of float. Cost to borrow dropped to 0.36%. A significant short cover for the $3.3B packaging firm.

Quantum computing play Infleqtion saw SI jump nearly 10 points to 12.3% of float. The $3B firm's availability sits at just 42% — shorts are building positions but supply is tightening.

Enliven Therapeutics saw cost to borrow spike 127% in a week to 1.22%, though availability remains very high at 1,812% — suggesting the borrow surge may reflect new short demand rather than supply constraints.