Options market watchers are focusing on a pair of names with sharply rising short pressure as Q2 earnings season kicks off.
CRWV — CoreWeave — has seen its SI % of FF climb from 16% in late May to 28.4% today. That is a near-doubling in six weeks. Bears have been adding steadily. Availability stands at just 301% of short interest, which is tightening fast.
HTZ — Hertz — is even more extreme. Short interest sits at 59% of free float. Availability has hit zero. The cost to borrow is 4.2% APR. With shares so hard to borrow, any squeeze could be violent.
On the bullish side, analysts upgraded both DAL and UAL this week. Delta reports Q2 results soon. Its short interest is just 3.5% of float. Bears are not betting against airlines.
SOUN — SoundHound AI — carries a 40.6% SI % of FF and a steep 12.6% cost to borrow. Zero availability remains. That signals deep bearish conviction with limited room for new shorts to enter.
NKE faces its own test. Analyst upgrades hit the tape, but 5% of float remains short. With earnings approaching across the market, the next two weeks will be decisive for these heavily-positioned names.
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.
