Short sellers turned up the heat this week on two of the market's most talked-about names. CHWY short interest hit 75.4% of free float — up 5.6 percentage points in seven days. CRWV also drew fresh bearish attention, climbing to 32.7% from 28.8% over the same period.
WOLF remains the extreme outlier. Short interest sits at a staggering 116.7% of free float. Borrowing the stock costs 8.7% APR. Bears are not budging despite persistent losses on the trade.
The biggest mover by percentage points was little-known CHRN. Its short interest jumped nearly 10 points in a week to 42%. Cost to borrow is steep at 30.4% — shorts are paying up to stay in the trade.
CAR saw the biggest short covering move. Avis Budget's SI dropped 3.2 points to 36.2%, suggesting some bears closed positions. ALIT also saw covering, falling from 141% to 133.9% of free float.
Meanwhile, GME sits at 13.8% SI with a low borrow cost of 0.65%. TSLA and NVDA remain lightly shorted at 3% and 1.3% respectively — mega-caps are not where the short action is 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.
