Short sellers moved aggressively into SPCX last week. Space Exploration Technologies Corp saw its SI % of free float jump from 3.65% to 25.22% in a single session on July 10. That is a massive one-day swing for a $1.1 trillion market cap stock.
WOLF told a different story. Wolfspeed's short interest fell 16.5 percentage points to 82.7% of float. Bears appear to be covering on the beaten-down chipmaker. The cost to borrow remains elevated at 8.8% APR.
HTZ sits at 69% SI % of FF. Hertz added over 8 percentage points in the week. Zero shares are currently available to borrow. That combination — rising shorts, zero availability — signals extreme crowding.
TNGX — Tango Therapeutics — hit 68.6% SI % of FF. It rose sharply from 54% in just days.
ALIT was the standout cover. Alight's SI crashed from 144.5% to just 4.7% on July 10. A massive short position was unwound almost overnight.
On retail favourites, GME sits at 13.7% and BBBY at 18.5%. TSLA remains lightly shorted at just 2.98% of float.
This note is for informational purposes only and does not constitute 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.
