Bears Pile Into Biotech, Flee European Names

Short sellers are reshaping positions fast this week. The data as of August 3 shows sharp divergence across sectors.

Biggest movers higher: SLDB (Solid Biosciences) saw short interest jump nearly 8 percentage points in seven days. SI now sits at 39.6% of free float. FIVN (Five9) added 2.6pp to reach 13.7% of FF — bears are building on the cloud-contact-center name amid sector pressure.

Persistent heavyweights: CHWY remains one of the most shorted large-caps. SI holds at 81.3% of FF. Availability is massive at 385% — there's no squeeze fuel there. HTZ (Hertz) stays stubbornly high at 80.5% of FF with zero availability, meaning shorts are locked in.

Bears rushing for the exit: European names dominated the short-covering list. Solvay saw SI collapse 19.6pp in a week. OCDO (Ocado) shed 18.2pp. These are significant unwinds, not noise.

Squeeze watch: TVTX (Travere Therapeutics) rallied 13% after hours Tuesday on positive news. SI stands at 13.8% of FF with availability at a massive 2,976% — the stock is far from squeezable, but shorts are exposed.

Highest short score: EVCM (EverCommerce) leads the ORTEX short score ranking at 95.9 with 23 days to cover and a 41% cost to borrow. That combination keeps upward pressure constrained.

This is not financial advice.