Short sellers dramatically increased bets against HTZ this week. Hertz short interest hit 70.1% of free float as of July 16, up from 60.3% just seven days earlier — a near 10-percentage-point jump. Shares available to borrow stand at zero, making new short positions extremely difficult to open.
The week's most dramatic move belongs to SPCX. SpaceX's publicly listed vehicle saw SI% of FF leap from 3.7% to 27.6% — a 24-point surge in seven days. The stock carries a $939 billion market cap, making this a significant shift in institutional positioning.
On the cover side, WOLF short interest fell sharply. Wolfspeed dropped from 103.8% to 79.0% of free float. Bears covered despite the stock remaining one of the most heavily shorted names in the market.
CHWY also saw shorts retreat 8.4 points to 66.5% of FF. Availability is extremely high at 642%, signalling plenty of borrow left if sellers return.
Biotech remained a short-seller battleground. IOVA gained 18% on the week, forcing bears to cover. SI% of FF now sits at 26.8%, down from prior levels. bucked that trend — shorts climbed to 59.5% of FF, a 15.9-point rise in seven days.
SOUN stays firmly on the radar at 41.6% shorted. The AI voice stock remains a favourite social media target for both bulls and bears.
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.
