Short sellers turned aggressive this week. Data as of July 8 shows some striking moves heading into a packed earnings calendar.
ALIT — Alight, Inc. — is the standout. SI % of Free Float exploded to 136%, up from just 6.95% a week ago. That's a near-130 percentage point jump in seven days. With a market cap of only $530M, bears are betting heavily on this HR-tech name.
CHWY also remains firmly in the crosshairs. Short interest sits at 76% of FF — up 4.2 points week-over-week. Chewy reports earnings imminently and sentiment is deeply bearish.
AI darling CRWV saw shorts add 5.3 points, pushing SI to 33.7% of FF. CoreWeave's $40B valuation hasn't deterred bears. The stock also featured in ORTEX's "Bears Bet Big Ahead of Earnings Week" note.
NFLX shorts are light at 2.4% of FF. Netflix reports this week. Bears aren't pressing hard there.
Meme favourites look calm. GME sits at 13.6% and AMC at just 7.2%. remains lightly shorted at 2.96%.
MU also grabbed headlines — Micron announced a $250B US investment plan. Short interest there is a modest 3.6%, suggesting the market is broadly bullish on the chip giant's domestic push.
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.
