Short sellers are making bold moves this week. Chewy tops the movers list. Its SI % of Free Float jumped to 75.4%, up 5.6 percentage points in seven days. Bears are clearly betting against the pet e-commerce firm as competition bites.
CoreWeave is also drawing heavy short attention. The AI cloud stock now sits at 32.7% SI % FF, up nearly 4 points week-on-week. Despite a $37B market cap, traders are skeptical of its lofty valuation.
Wolfspeed remains the most extreme name in the market. SI hit 116.7% of free float, with zero shares available to borrow. Its cost to borrow sits at 8.7% APR. A short squeeze here would be painful — but the borrow market says few longs are willing to lend.
On the squeeze side, Lucid Group saw its SI drop 1.9 points to 38.6%. Avis Budget fell 3.2 points to 36.2%.
Social favourites Tesla and stayed quiet — SI barely moved week-on-week for both. The real action is elsewhere right now.
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.
