Short sellers made notable moves this week. Three names stood out: a SpaceX-linked ETF, a struggling rental car giant, and a battered chipmaker.
SpaceX ETF shorts explode SPCX, the Space Exploration Technologies ETF, saw its short interest rocket from 3.7% to 26% of free float in just two days. That's a 22-point jump in a week. Availability of shares to borrow sits at just 25% of SI, signalling tight squeeze conditions. The market cap behind the ETF sits at over $1 trillion in referenced assets.
Hertz keeps climbing the bear list HTZ now sits at 68.8% SI % FF. That's up from 44% just a month ago. Zero shares are available to borrow. Bears have doubled down on the car rental firm as it navigates its second bankruptcy restructuring in five years.
Wolfspeed shows rare relief WOLF dropped from over 100% to 79% short interest this week. That's still extreme. Cost to borrow stands at 7.7%. Shorts may be trimming ahead of any potential catalyst.
Alight's squeeze finally arrived ALIT saw short interest collapse from 145% to just 4.7%. Availability now sits at a staggering 1,274%. That's a classic forced short cover. Squeeze watch names like (13.6% SI FF) and (12.3%) remain elevated but quiet.
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.
