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 saw almost no change week-on-week. 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. Content is informational only and does not constitute investment advice.
