Bears Pile In Ahead of Earnings Week

Short sellers have been busy. The latest ORTEX data shows a wave of fresh bets across several high-profile names.

HTZ leads the most-shorted list. Short interest hit 84.6% of free float — up nearly 10 percentage points in just seven days. Bears are firmly in control of the troubled rental giant.

CHWY isn't far behind. SI climbed to 82.4% of FF, jumping 10 points week-on-week. That's a rapid escalation. With zero shares available to borrow, any squeeze would hit hard.

The biggest mover this week? WYFI — WhiteFiber — saw its SI surge 14 percentage points to 53.4%. Cost to borrow stands at 7.4% APR. Short sellers are clearly skeptical of the IT services firm's recent 71% three-month rally.

SOC — Sable Offshore — added 11 points in a week. SI now sits at 43.7% of FF, with no borrow availability left. The stock has crashed 69% over three months.

SOUN — SoundHound AI — reports Wednesday. SI is sticky at 43%, with a 13.4% cost to borrow. ORTEX flags every short trap still set into the print. A strong earnings beat could force a painful squeeze.

Meanwhile, LCID shorts are quietly covering. Lucid's SI has eased from 38% to 33.6% over two weeks. Cost to borrow remains extreme at 70% APR — the highest borrow pain in the EV space.

PLTR shorts continue trimming exposure too. SI dropped from 3.98% to 3.31% — bulls remain firmly in charge going into earnings.

Data sourced from ORTEX. Not financial advice.