Markets may be closed for July 4, but the signals heading into the long weekend are anything but quiet. Three names stand out from recent flow data.
HTZ — Hertz Global Holdings — is drawing heavy bearish attention. Short interest sits at 59% of free float. Availability has hit zero, meaning shares to borrow have dried up entirely. That squeeze dynamic makes Hertz one of the most watched names for volatility plays into next week.
GME carries 13.8% short interest. Calls have been dominating flow, with ORTEX noting bullish positioning heading into the holiday. The meme stock faithful appear active again.
SMMT — Summit Therapeutics — is a sleeper with 25.9% short interest and availability running at 151% of SI. That means borrowable supply still exceeds demand. Despite the supply cushion, bears keep piling in, signalling conviction in the downside thesis.
CRWD — CrowdStrike — shows minimal short interest at just 2.9%. Availability is at 5,066% of SI. Options activity here is likely bullish-leaning given the thin short base and analyst target revisions noted this week.
DAL — Delta Air Lines — reports earnings next week. Short interest is low at 3.5%. But with availability near 975% and the market closed today, any post-holiday earnings surprise could ignite sharp directional moves.
The key theme: scarce borrow in HTZ versus abundant supply in DAL and CRWD creates two very different risk profiles for options traders returning Tuesday.
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.
