Short sellers turned notably more aggressive this week. Two names stand out heading into the July 4 holiday.
HTZ is the most dramatic mover. Short interest hit 59.2% of free float — up nearly 11 percentage points in just seven days. Availability has fallen to zero. That means there are virtually no shares left to borrow. Cost to borrow sits at 4.2% APR. Bears are betting heavily that the car rental giant's struggles are far from over.
CoreWeave is attracting fresh short sellers too. SI jumped to 28.4% of FF, up 4.8 points on the week. The AI infrastructure darling has been a Wall Street favourite, but ORTEX data shows hedged money is growing more cautious. Availability remains comfortable at 301%, so the door is still open for more shorts to enter.
Sable Offshore also saw shorts build. SI rose to 33.1%, with availability near zero at just 4%. That squeeze risk is real.
On the meme-stock front, GME sits at 13.8% — barely changed on the week. MSTR is the one exception, with shorts actually covering — SI fell 0.6 points to 11.6%.
TSLA and NVDA remain lightly shorted at 2.9% and 1.3% respectively. Neither moved.
The week's key theme: targeted, high-conviction short building in turnaround stories and newly listed tech, while mega-caps stay largely out of the crosshairs.
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.
