Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
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 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%.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
