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Short sellers have been busy this week. Three names stand out for very different reasons.
SPCX — Space Exploration Technologies — saw the sharpest weekly jump. Its SI % of Free Float leapt from 3.65% to 26.63% in just seven days. That's a 23-point spike. With a $1 trillion market cap and a cost to borrow of just 2%, bears are piling in cheaply.
HTZ leads the movers in absolute terms. Hertz's short interest climbed from 59.7% to 70.8% of free float over the week. Availability sits at zero — there are essentially no shares left to borrow. That setup could trigger a sharp squeeze.
WOLF tops the overall most-shorted leaderboard at 78% of free float. Wolfspeed's cost to borrow has risen to 8.2% APR. Availability is also zero. The EV power chip maker continues to attract heavy bearish bets.
SOUN is a favourite on social media. SoundHound AI's SI stands at 41.6% of free float. Its cost to borrow is the highest of the group at 13.7% — a signal that demand to short far exceeds supply.
CHWY sits at 68.6% short interest, but with 592% availability. Bears can still borrow easily here.
This is not financial advice.
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.