Short sellers made decisive moves this week. Data as of July 2 shows clear winners and losers on both sides.
CoreWeave saw the biggest build among large-cap names. SI % of free float hit 28.4%, up nearly 5 percentage points in seven days. The AI cloud infrastructure firm has drawn heavy skepticism since its IPO. Bears are clearly not backing down.
Bob's Discount Furniture also caught attention. Short interest climbed to 27.4% of free float, up 5.3pp in a week. Cost to borrow sits at 4.5% — elevated but not extreme. Availability has tightened to 65% of SI.
Hinge Health is another fresh IPO under pressure. SI jumped to 18.1%, up 4.7pp. Another name that went public and immediately attracted bearish interest.
On the other side, Restaurant Brands International saw a sharp short squeeze. SI fell from 14.8% to 8.9% in a week — a 5.9pp drop. That is one of the biggest cover trades across large caps right now.
Avis Budget Group also saw meaningful covering. SI dropped from 40.2% to despite remaining one of the most-shorted stocks in the market.
Tesla and NVIDIA remain lightly shorted at under 3%. Bears have largely given up on fading mega-cap tech.
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.
