Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
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 and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
