Bears are circling several high-profile names as a major earnings week kicks off July 10.
NFLX slid after the bell Wednesday. Short interest sits at just 2.4% of free float. But the post-hours dip signals the market expected more. Options traders are watching closely ahead of results.
The bigger short story sits elsewhere. CHWY carries a massive 76% SI % FF. Bears have piled in relentlessly. Availability is over 499% of short interest, meaning plenty of room to add more positions.
CRWV is another name in the crosshairs. Short interest stands at nearly 34% of free float. The AI infrastructure darling has drawn heavy bearish attention since its IPO. Availability at 176% shows shorts can still borrow freely.
ALIT stands out most. Short interest tops 136% of free float — a rare extreme. Bears are deeply committed. Yet availability at 967% means no squeeze pressure exists yet.
On the bullish side, financials dominate the earnings calendar. BAC, JNJ, and ELV all report this week. Short interest in each remains below 3%. Options traders appear positioned for upside surprises rather than downside protection.
The week ahead sets up as a critical test. High short interest names face earnings risk. Any positive surprise could spark sharp short-covering rallies.
This is not financial advice.
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.
