Short sellers moved aggressively this week. The data, running to July 9, shows clear targets.
CRWV (CoreWeave) saw the biggest jump among large caps. SI % of free float climbed to 33.1%, up 4.8 percentage points in seven days. Bears are circling the $40B AI infrastructure play ahead of earnings season.
WOLF (Wolfspeed) remains the most extreme name. Short interest hit 103% of free float — shorts actually exceed the entire free float. Availability has dropped to zero, and cost to borrow sits at 9.1% APR. Any positive catalyst could trigger violent covering.
CHWY (Chewy) is another standout. SI % FF rose to 74.8%, up 4.4 points on the week. Bears are firmly in charge of the pet retailer, though availability is still high at 536%, suggesting no squeeze pressure yet.
CHRN posted the single biggest 7-day jump: +12 percentage points to 45.8% SI % FF. A smaller name, but a sharp move.
On the covering side, CRWD (CrowdStrike) saw shorts retreat. SI % FF fell from 2.9% to 0.9% as the cybersecurity name rebounds. (Dollar Tree) also saw covering, dropping from 7.4% to 5.9%.
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.
