Short sellers intensified bets on several US names this week. Wolfspeed leads all movers. Its SI % FF hit 114.8% as of June 30 — up 14.7 percentage points in just seven days. Availability is zero. Shares to borrow are essentially gone. The cost to borrow sits at 8.8%. That signals extreme bearish conviction in the semiconductor firm.
Hertz is not far behind. SI % FF jumped to 47.5%, a 12-point rise on the week. Availability is also at zero. Shorts are piling in with no sign of covering. Notably, rival Avis Budget Group saw its SI % FF fall from 45.9% to 39.4% — suggesting some bears rotated into Hertz specifically.
CoreWeave saw shorts grow too. SI % FF rose nearly 8 points to 28.8%. The AI infrastructure name has drawn heavy skepticism since its IPO.
On the flip side, Monro and Birkenstock saw notable short covering. Monro shed 7.5 points to 23.7%. dropped from 22.8% to 17.2%.
GameStop sits at 13.6% SI. Sony's plan to end physical game discs by 2028 hit the stock today — a fresh headwind for the meme favourite.
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.
