Short sellers made a dramatic move into SPCX this week. Space Exploration Technologies Corp. saw its SI % of Free Float jump 22 percentage points in seven days. It rose from 3.65% to 26.07% as of July 13. That is one of the sharpest weekly surges tracked across all US names.
TNGX — Tango Therapeutics — remains a bear favourite. SI hit 68.4% of free float. That is up 14.5 points week-on-week. UAA also saw bears add to positions. Under Armour's SI climbed to 31.6%, up 5.3 points in a week.
On the flip side, short sellers are rushing to cover HUN. Huntsman Corporation's SI dropped 7 points to 11.6%. HNGE, Hinge Health, shed 6.5 points. CPB fell 5.1 points to 22.6%.
LCID — Lucid Group — saw a 2.5-point SI drop to 36.2%. The EV maker remains heavily shorted. sits at 13.6%, broadly flat. short interest is near 3%, barely changed.
IBM CEO comments about customers pausing capex on cyber spending added pressure on IBM this week. Its SI ticked up slightly to 3.67%. UNH heads into Q2 earnings today with SI at 2%.
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.
