Bears Double Down: HTZ, SOUN Lead Short Pressure

Short sellers are leaning hardest into Hertz Global Holdings right now. SI hit 80.9% of free float as of July 31. That's up 2.3 percentage points in just seven days. Shares are down 74% over three months. Zero availability remains — there is nothing left to borrow.

Chewy tells a similar story. SI climbed to 81.4%, up 2.2 points on the week. Despite near-300% analyst upside target, bears keep piling in.

AI voice play SoundHound AI carries 42.7% SI with a cost-to-borrow at 14.2% APR. No shares are available to borrow. A squeeze setup is building quietly.

The week's biggest mover on the upside: Solid Biosciences saw SI jump +7.6 points to 39.6% in seven days. Bioventus added 4.8 points. Both are small-cap biotech names drawing heavy bear attention.

On the covering side, Wolfspeed saw SI fall 6.6 points to 75.5%. Lucid Group dropped 2.5 points — but with a cost-to-borrow at 63%, squeezing out of that position is punishing.

One CTB alert: Zai Lab borrowing costs spiked 337% in one week to 2.79%. Supply is tightening fast on this China-based biopharma.