Short sellers intensified bets against two very different names this week. HTZ led the charge in SI increases. Hertz short interest hit 59.2% of free float as of July 2. That's up from 48.3% just seven days ago — a jump of nearly 11 percentage points. Availability of shares to borrow stands at zero, making new shorts virtually impossible to add. The pressure on this rental car company shows no sign of easing.
AI darling CRWV also drew fresh attention from bears. CoreWeave's SI climbed to 28.4% of FF, up 4.8 points in a week. Bears appear unconvinced by the AI infrastructure hype, even as the stock stays in focus on social platforms.
QSR — Restaurant Brands — told a different story. Its SI dropped sharply from 14.8% to 8.9%, a 5.9-point fall. Short covering accelerated there.
MSTR (Strategy Inc) saw a modest short retreat, falling from 12.2% to 11.6%. Bitcoin's relative stability may have reduced the bearish urge.
Meanwhile, the classic meme names GME and remain quiet. GameStop sits at 13.8% SI with barely any change. The short squeeze crowd has moved on.
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.
