Short sellers made bold moves this week. Hertz saw its short interest jump nearly 10 percentage points in seven days, reaching 70% of free float. Availability is at zero — shares to borrow have essentially run dry.
Wolfspeed tells a different story. Bears covered hard, with SI dropping from 104% to 79% of FF in a week. The chipmaker remains one of the most shorted US stocks, but the rapid cover suggests squeeze pressure may be building.
Oil producer Ovintiv grabbed attention after shorts jumped 34% in a week ahead of its Q2 earnings print. SI stands at 5.3% of FF. Traders appear to be making a directional bet on energy earnings.
SpaceX's public vehicle SPCX saw a dramatic rise — SI exploded from 3.65% to 27.57% of FF in just seven days.
On the meme side, Chewy leads with 66.5% SI of FF, though bears trimmed positions by over 8 points this week. GameStop sits at 13.7% and at 11.9%. bears remain light at just 3%.
Deckers Outdoor drew dual attention — a Jefferies upgrade arrived alongside rising short bets ahead of Thursday's earnings report.
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.
