Bearish sentiment is rising in pockets of the market. CHWY tops the watch list with short interest at 72.4% of free float — one of the highest readings in the US market. Bears have piled in, according to ORTEX data. The cost to borrow sits at 0.39%, signalling plenty of supply for new shorts.
CRWV is another name drawing attention. Short interest stands at 31.5% of FF on the AI cloud infrastructure play. Availability of shares to borrow runs at 221% of SI — bears can still add. The stock's $38.7bn market cap makes it a meaningful short for institutional players.
GME remains in focus. Short interest holds at 13.9% of FF with availability tight at just 76%. That squeeze dynamic keeps options premiums elevated and sentiment volatile.
On the macro side, DAL faces pressure from fuel costs. Monthly fuel spending for US airlines topped $6bn again in May — up 84% year-on-year. Delta's short interest is modest at 3.5%, but call positioning may be vulnerable to further cost surprises.
BAC and the broader bank sector head into a heavy earnings week. Short interest on BAC is just 1.4%. Options traders are likely positioned for volatility around results. HON also appears on the bearish radar with SI at 6.5% of FF and availability running at 1,892% — plenty of room for shorts to grow.
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.
