Short sellers ramped up bets across a range of US names this week. Data as of August 6 shows clear movers in both directions.
SpaceX (SPCX) leads the week's risers. Short interest climbed 3.6 percentage points in seven days. It now sits at 36.4% of free float. The cost to borrow is 10.1% APR and available shares are near zero — bears are paying up to hold these positions.
RingCentral saw the sharpest jump among mid-caps. SI % FF rose 2.9 points to 15.1%. Short sellers appear skeptical of the cloud communications firm's recent recovery.
SoundHound AI stays deeply in bear territory. Short interest holds at 43.3% of free float. Cost to borrow is 12.5% and availability is zero. Squeezing this one would be extremely difficult.
Wolfspeed remains the most dangerous short. SI % FF is 78.3% with no shares available to borrow. The chipmaker has lost nearly 39% over the past three months.
Chewy shorts are retreating. SI dropped 3.8 points this week to 78.7%. Bears are covering despite the still-massive short position. Availability is at 392% — borrowing costs are cheap for new shorts.
Conagra Brands saw a notable cover. Bears cut 2.5 points from their position. SI now sits at 9.4% of free float.
This is not financial advice.
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.
