Short sellers turned decisively bearish on rental car names and battered consumer stocks this week. The moves are among the sharpest seen in months.
HTZ now carries 84.6% SI % FF — up nearly 10 percentage points in seven days. Bears have been grinding higher since mid-July. The stock is down 74% over three months. Rival CAR (Avis Budget) also moved sharply. SI % FF jumped from 29.1% to 36.2% in a week.
CHWY is another mover. Short interest hit 82.4% of free float. That's up from 63% three weeks ago — a relentless climb higher.
GRPN saw a sudden leap too. SI % FF jumped from 65.8% to 74.3% in a single week despite a 96% three-month price gain. Bears clearly doubt the rally.
On the flip side, ELF (e.l.f. Beauty) saw shorts bail. SI % FF dropped 41.8% in one week to just 11.3%. That's a sharp unwind of bearish positioning.
(Wolfspeed) sits at 79.2% SI % FF with a cost to borrow of 5.4%. (EverCommerce) carries the highest short score at 95.7 with a CTB of 40%.
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.
