Short sellers have been busy this week. Wolfspeed tops the most-shorted list with a staggering 78.5% of free float sold short. The chipmaker's cost to borrow has climbed to nearly 8% APR. Availability of shares to borrow has hit zero — a warning signal for potential short squeeze pressure.
Chewy remains a high-conviction bear target at 66.5% SI % FF. The pet retailer's short interest dropped 8.4 percentage points over the past week. Some shorts may be covering.
The biggest mover of the week was Tango Therapeutics. Short interest jumped nearly 16 percentage points in seven days. It now sits at 59.5% of free float. With a $4.4bn market cap, that is a substantial bet against the biotech firm.
Space Exploration Technologies saw the sharpest weekly surge — up 23.9 points to 27.6% SI % FF. Bears are piling in fast.
Charter Communications also stands out among large caps. SI % FF sits at 25.6%. Availability is tight at just 157%. The cable giant faces ongoing pressure from cord-cutting trends, a theme dominating financial headlines this week.
Rackspace added 7.2 points to reach 26.3%. Bears are growing more aggressive on the cloud infrastructure name.
This note is for informational purposes only and is not financial advice.
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.
