Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Short sellers turned aggressive this week. Hertz Global Holdings saw the sharpest move among larger names. Its SI % of free float jumped nearly 10 percentage points in seven days to 70.1%. The rental car company has been in bear territory all month. Its availability sits at zero — no shares left to borrow.
Wolfspeed tells a different story. Short interest fell from over 103% to 78.5% of free float in a week. That's a sharp 24-point drop. Shorts are covering fast. With zero availability, any further squeeze pressure could push them out entirely.
Chewy also saw bears retreat. SI dropped 8 points to 66.5% after peaking at 76% on July 8. The stock remains deeply shorted but the trend is reversing.
The biggest SI jump of the week belongs to SpaceX-linked . Short interest exploded from 3.7% to in just seven days — a 24-point surge, the largest move tracked.
Tango Therapeutics also drew heavy new shorting. SI hit 59.5%, up nearly 16 points.
In the news, PayPal caught attention after reports that Stripe is exploring an acquisition bid. PayPal's SI sits at a modest 6.3% — bears are not positioned for a deal collapse.
Iran-US tensions dominated macro headlines, lifting oil and defence names. Geopolitical risk remains the key overhang for markets heading into next week.
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.
