Bears Pile Into Wolfspeed, Lucid; Shorts Cover at Avis

Short sellers made bold moves this week. Wolfspeed tops the charts with 129.9% of its free float shorted — up a massive 26 percentage points in just seven days. The chip maker's distressed finances continue drawing bears. Its cost to borrow remains relatively low at 8.5%, suggesting shorts can still enter cheaply.

Lucid Group is another EV name under heavy fire. SI hit 39.4% of free float, up 5.6pp on the week. Borrowing costs run at 33%, making this one of the priciest shorts among large names.

Super Micro Computer saw short interest jump to 17.3%, up nearly 4pp. The stock has been on investor radars this week after analysts flagged continued governance concerns.

On the squeeze side, Avis Budget Group saw bears retreat. SI dropped from 44.3% to 38.2% in a week. Acadia Healthcare shed nearly 6pp of short interest. Birkenstock also saw covering, down to 22.9% from 28.6%.

Nike is a fresh target. SI climbed from 3.8% to 5.0% ahead of its quarter-end results. Options activity is bullish at Progress Software, where shorts are covering into earnings.

GameStop stays steady at 13.8% SI. Tesla sits near historic lows at 2.9%.