Bears Pile Into SpaceX, Hertz Hits 70%

Short sellers made dramatic moves this week. SPCX — Space Exploration Technologies — saw the steepest rise among large-caps. SI % of FF jumped from 3.7% to 27.6% in just seven days. That's a near-24 percentage point swing.

HTZ remains deeply in the crosshairs. Hertz's short interest climbed further to 70.1% of free float. It was already at 60.3% last week. Availability sits at zero, meaning shares to borrow are virtually gone.

WOLF tells a different story. Wolfspeed's SI % FF fell sharply from 103.8% to 79.0% — a 25-point drop in one week. Bears may be covering ahead of potential catalysts in the beaten-down semiconductor name.

HON is the squeeze story of the day. Short interest in Honeywell collapsed 40% in a week to just 1.79% of float. The ORTEX alert noted the timing — earnings are due July 23. Bears bailed fast.

CHWY sits at 66.5% SI % FF. It dropped 8 points this week. High availability at 643% means shorts can still find stock to borrow easily.

TNGX climbed to 59.5% SI % FF from 43.7%. Tango Therapeutics now carries one of the biggest short buildups in biotech this week.

This note is not financial advice.