Short sellers added pressure across several high-profile names this week. Data through July 9 shows notable moves in AI infrastructure, semiconductors, and consumer names.
CRWV saw the biggest surge among large caps. CoreWeave's SI % of Free Float jumped to 33.1%, up 4.8 percentage points in seven days. Bears are betting the AI infrastructure darling is overvalued heading into Q2 earnings season.
WOLF remains the most extreme case. Wolfspeed's short interest now exceeds its entire free float at 103.1% — up another 4.5pp this week. Cost to borrow sits at 9.1% APR. Zero availability signals extreme borrowing pressure. With the stock in bankruptcy territory, shorts are not letting up.
CHWY is another standout. Chewy's SI % FF hit 74.8%, rising 4.4pp on the week. Options activity also heated up, per ORTEX signals. Bears see a challenged consumer discretionary play.
On the squeeze side, CRWD saw shorts cut positions hard. CrowdStrike's SI % FF fell nearly 2pp to just 0.9%. That's a near-clean slate from a short perspective.
DLTR also saw covering — Dollar Tree's SI % FF dropped 1.6pp to 5.9% as sentiment around discount retail cautiously improved.
Q2 earnings season starts now. Short positioning is high across AI and chip names. Expect volatility.
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.
