Bears Circle Car Rentals as Short Interest Spikes

Bears piled into car rental stocks this week. Hertz hit 84.6% short interest as a percentage of free float on July 30. That is up nearly 10 points in just seven days.

Avis Budget Group is not far behind. Its SI% FF jumped from 29.1% to 36.2% over the same period. Short sellers appear convinced the car rental sector faces mounting trouble.

Chewy remains one of the most shorted names in the market. Bears pushed its SI% FF from 72.4% to 82.4% over the past week. EverCommerce carries the highest short score at 95.7, with a 24-day days-to-cover reading and a cost to borrow near 40%.

Groupon also saw a sharp move. SI% FF jumped from 65.8% to 74.3% in seven days. Its stock has rallied 96% over three months. That could set up a squeeze if momentum continues.

Sable Offshore is another fresh entry on the radar. Bears added heavily this week, pushing SI% FF to 43.7% with zero shares available to borrow. That is a classic short squeeze setup.

Wolfspeed sits at 79.2% SI% FF. The chipmaker has fallen 19% over three months. Bears continue to press the position with over 7 days-to-cover.

Rivian is a popular social media name. Current SI% FF stands at 14.9%. Availability is high at 212%, suggesting the short trade is not yet crowded.

This is not financial advice.