Short sellers stepped up activity this week. Hertz saw the biggest move among mid-cap names. Its SI % of Free Float jumped to 59.2% — up nearly 11 percentage points in seven days. Availability of shares to borrow has hit zero. That makes new short positions almost impossible to open. A squeeze setup is forming.
CoreWeave is the other headline name. Bears have pushed its SI % FF to 28.4%, up 4.8pp over the week. The AI infrastructure stock carries a $36.6bn market cap. Despite heavy shorting, availability sits at 301% — so bears can still find stock to borrow cheaply.
Chewy remains the most-shorted large-cap name in the US. Its SI % FF stands at 70.5%, up another 2.9pp. Bears are not backing off.
Beyond Meat is the notable squeeze candidate to watch. Its SI % FF fell 4.4pp to 24.3%. Cost to borrow remains extreme at 37.7% APR. Shorts are covering fast.
GameStop is flat. SI barely moved at 13.8%. Reddit interest persists, but the data shows no fresh bear conviction here.
Q2 earnings season kicks off this week. Delta Air Lines and PepsiCo report first. Bears are watching closely for any catalyst to add positions.
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.
