Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
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 . 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 and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
