Short sellers made big moves this week. SPCX — Space Exploration Technologies (SpaceX's listed entity) — saw the sharpest SI jump among large caps. Short Interest as a % of Free Float leapt from 3.7% to 26.6% in just seven days. That is a 23 percentage-point surge. Bears appear to be betting against the recent rally in the $1 trillion-valued stock.
HTZ remains a standout target. Hertz's SI % FF hit 70.8%, up from 59.7% a week ago. Availability of shares to borrow has dropped to zero. That combination signals a heavily squeezed borrow market.
WOLF tops the most-shorted table outright. Wolfspeed sits at 78.1% SI % FF. Cost to borrow has climbed to 8.2% APR. Bears see no respite for the struggling chipmaker.
TNGX also grabbed attention. Tango Therapeutics' SI surged from 45% to 59% over the week. ORTEX flagged it as a notable short spike on Thursday.
On the squeeze watchlist, CHWY holds 68.6% SI % FF with a $4.9 billion market cap. Any positive catalyst could force rapid covering. rounds out the high-short list at 43.6%. Both names are active on social platforms this week.
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.
