Short sellers turned aggressive in the week to June 30. Four names saw SI % of free float jump sharply. The moves stand out against a quiet backdrop for perennial meme favourites.
Wolfspeed leads all US stocks with SI at 114.8% of free float — up nearly 15 points in seven days. The SiC chipmaker has zero shares available to borrow. Every share of the float has been shorted, and then some. Cost to borrow sits at 8.8% APR.
Hertz is not far behind. SI hit 47.5% of FF, up 12 points on the week. Availability is also zero. The car rental firm remains one of the most hotly debated stocks on retail forums, with bankruptcy risk still a live conversation.
Virgin Galactic saw SI jump from 25.6% to 41.5% — a near-16-point spike in seven days. Borrow costs are elevated at 20.7% APR. With zero availability, new shorts face a steep entry price.
CoreWeave, the AI infrastructure giant that recently listed, added 7.6 points to reach 28.8% of FF. Unlike the others, availability remains healthy at 311%. Bears are building positions while stock is still readily borrowable. just announced a revenue-sharing model for AI factories today — that news could squeeze CoreWeave's short sellers.
Meanwhile, meme stalwarts GME (13.6%) and TSLA (3.0%) showed almost no change. The real short action has moved elsewhere.
This note is for informational purposes only and does not constitute financial advice.
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.
