Short sellers made bold new bets this week. Three names stand out as the biggest movers in the ORTEX data as of July 16.
SPCX — Space Exploration Technologies Corp. — saw the week's most dramatic SI jump. Short interest leapt from just 3.65% to 27.57% of free float in a single week. That is nearly an eightfold increase. The cost to borrow sits at 1.80% APR. Bears appear to have pounced on the newly listed Elon Musk vehicle almost immediately.
HTZ remains one of the most shorted US stocks. SI hit 70.07% of free float this week, up from 60.26% seven days ago. Availability has dropped to essentially zero. A short squeeze could be violent — but with near-zero borrow availability, covering is not simple.
TNGX jumped to 59.52% SI, up from 43.65% last week. That is a 15.9 percentage-point swing in seven days. The $4bn biotech is drawing heavy bearish attention.
BAND saw SI rise from 8.71% to 14.96% in one week. The communications software name now has roughly double the short interest it held a week ago.
ORTEX flagged that BLOK's short interest jumped 39% in one week to 2.75% of float, driven by crypto sector volatility and regulatory uncertainty in blockchain.
This 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.
