Short sellers are piling into CRWV and WOLF this week. Both stocks saw notable jumps in bearish bets as of July 9.
CRWV — the AI cloud infrastructure play — saw its Short Interest % of Free Float rise to 33.1%, up 4.8 percentage points in seven days. That's a significant move for a $40bn market-cap stock. Cost to borrow remains low at 0.47%, suggesting shorts can pile in cheaply.
WOLF sits at a remarkable 103% SI % FF — meaning short sellers hold more than the entire free float. Short interest rose another 4.5 points this week. Availability has dropped to zero, and borrow costs hit 9.1%. That's a powder keg.
CHWY is also firmly in the crosshairs. Bears hold 74.8% of its free float short, up 4.4 points over the week.
The week's biggest single mover is CHRN, where SI jumped 11.5 percentage points to 43.3%. Borrow cost stands at a painful 62%, meaning shorts are paying dearly for conviction.
On the short-covering side, CRWD saw shorts retreat sharply. SI dropped nearly 2 points to just 0.9% of float, suggesting bears are walking away after the cybersecurity firm's strong run.
In social media stocks, META faced a new court battle after a jury found it liable for youth addiction. Its SI remains low at 1.4%. MGM is in deal talks with Barry Diller — its SI ticked up modestly to 10.7%.
GME and MSTR shorts are slowly retreating, both down slightly on the week.
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.
