Short sellers are pressing hard on a handful of names as Q2 earnings season begins. Wolfspeed stands out most sharply. Its short interest hit 114.8% of free float — up nearly 15 percentage points in one week. Available shares to borrow have run to zero. That zero-availability squeeze setup is one bears rarely survive intact.
Lucid Group is the most expensive short in the market right now. Cost to borrow reached 148% APR. Short interest climbed to 40.5% of free float. California's new EV incentive programme, which bypasses Tesla, adds a further risk for bears holding the position.
NVDA insiders have been selling heavily. Board member Mark Stevens filed sales of more than $400 million across June. ASTS founder Abel Avellan filed a $146.7 million sale. The Walton Family Trust filed $736 million in WMT sales. The scale of this selling across a short window is worth noting.
Analysts raised targets on TER and COHR today. Both semiconductor names saw consensus price targets lifted. GNRC got a smaller boost on data centre demand. NOC saw its target trimmed on defence budget uncertainty.
European IPO markets showed mixed signals. KNDS, the Franco-German tank maker, pulled its IPO after investors rejected a valuation above €12 billion. Meanwhile, Italian tech group Bending Spoons surged 40% on its Nasdaq debut, raising $1.68 billion. Millennium and Point72 both posted double-digit first-half returns as hedge funds rebounded.
PepsiCo reports Q2 on July 8. Levi Strauss and Helen of Troy follow the same day. Swedish medtech firm Elekta posts full-year results on July 3.
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.
