Short sellers made dramatic moves this week. Data as of July 13 shows some of the sharpest 7-day jumps seen this year.
SPCX — the newly listed Space Exploration Technologies Corp. — saw short interest explode from 3.6% to 26.1% of free float in just one week. That is a gain of 22.4 percentage points. Availability sits at just 24.8%, signalling tight borrow and high conviction among shorts.
HTZ climbed to 68.8% SI % FF, up 9 percentage points on the week. Availability is effectively zero. Bears smell continued distress in the rental car sector as oil prices spike on US-Iran tensions.
TNGX jumped 14.5 points to 68.4% SI % FF. Despite massive short pressure, availability stands at 641% — plenty of borrow left, meaning short sellers can keep piling in.
WOLF remains the most shorted large stock at 79.2% SI % FF, but shorts trimmed 19.6 points this week — the biggest cover move on the board. Cost to borrow is still elevated at 7.7%.
CELC carries 40.7% SI % FF. The FDA approved its cancer drug Gedatolisib today. That approval could trigger a painful squeeze against the stock's heavy short base.
SoundHound AI holds steady at 41.6% SI % FF with a cost to borrow of 12.5% — one of the priciest borrows among mid-caps.
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.
