Short sellers made decisive moves this week. SOC — Sable Offshore Corp — stands out as the most dramatic story. SI jumped 4.6 percentage points in seven days to 27.2% of free float. Cost to borrow exploded 264% to 4.76% APR. Borrow availability collapsed to just 2%. Utilization hit 100%. ORTEX flagged it as the tightest borrow market on record for the stock, as Sable escalated its battle with California over its Santa Barbara oil pipeline.
CHWY remains a perennial bear favourite. SI rose another 5.6pp to 75.3% of free float — a giant short position for a $4.8bn retailer. Borrow is cheap at 0.48%, suggesting shorts are comfortable holding.
CRWV CoreWeave saw SI climb 3.9pp to 32.7% of FF. The AI cloud name carries a $37bn market cap yet short sellers keep building. Borrow availability sits at 221%, so supply is ample to add more.
WOLF Wolfspeed remains the most extreme name in the universe. SI stands at 116.7% of free float with zero borrow availability and cost to borrow at 8.68%.
On the other side, Alight shed 7.2pp of short interest to 133.9% FF. Avis Budget saw 3.2pp covered, dropping to 36.2%.
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.
