Short sellers made bold moves this week. HTZ and SPCX lead the biggest short interest jumps across US markets.
Hertz hits 70% SI — HTZ now has 70.1% of its free float shorted. That's up nearly 10 percentage points in just seven days. Availability has collapsed to zero. Bears are firmly in control of the rental car name.
SpaceX doubles shorts — SPCX saw its SI % FF leap from 3.7% to 27.6% week-on-week — a 24-point surge. With a $939B market cap, that's a significant bearish bet from institutional players.
Tango Therapeutics under fire — TNGX sits at 59.5% SI, up from 43.7% a week ago. Availability remains high at 499%, meaning shorts can still pile in further.
On the social-media radar, GME holds steady at 13.7% SI with minimal change. TSLA short interest is low at just 3.0%. COIN saw bears retreat — SI fell from 11.6% to 10.5%. RIVN also saw modest short covering, down to 14.9%.
MSTR shorts nudged up slightly to 11.9%. The crypto proxy continues to attract bearish attention alongside Bitcoin moves.
The week's headline theme: high-conviction shorts on distressed and speculative names, while mega-caps stay clean.
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.
