Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers turned aggressive this week. Three names saw the biggest moves in bearish positioning heading into earnings season.
CoreWeave led the charge. SI % FF jumped from 28.3% to 33.1% in just seven days — a 4.8 percentage point rise. The AI cloud company has a $39.8B market cap. Bears are clearly sceptical of its lofty valuation.
Chewy sits at 74.8% of free float shorted. That's up 4.4 points in a week. With over 536% availability of SI, there's still plenty of room to pile on.
Wolfspeed is the most extreme. SI now stands at 103% of free float. Zero shares are available to borrow. Cost to borrow sits at 9.1%. That's a potential short squeeze in the making.
On the other side, CrowdStrike saw shorts exit fast. SI dropped nearly 2 percentage points to just 0.91%. Bears covered ahead of its earnings result.
Mega-cap names stayed quiet. TSLA, NVDA, and META saw almost no change week-on-week. GME shorts barely moved at 13.6% of free float.
Earnings season is live. Bears are picking their spots carefully.
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.
