Bears Circle SpaceX, CoreWeave in Short Surge

Short sellers turned aggressive this week. Two names stand out: SPCX (SpaceX) and CRWV (CoreWeave).

SpaceX saw its short interest climb 3.6 percentage points in seven days. It now sits at 36.4% of free float. Cost to borrow is 10.1%. Availability is near zero at just 0.16% — meaning bears are scrambling for shares to short.

CoreWeave tells a more complex story. Its cost to borrow surged 131% in a single week to 4.63%. Yet short interest fell 39.9% in the same period. Bears are covering fast as borrowing costs bite. CRWV's SI still stands at 20% of free float with a $38B market cap.

CHWY (Chewy) remains one of the most shorted large stocks at 78.7% of free float. Bears did ease off slightly this week — SI dropped 3.8 points. That could signal some short covering ahead.

EVCM (EverCommerce) leads the short score rankings. Its cost to borrow hit 40.2% — among the highest in the market. LCID (Lucid Group) runs even hotter at 46.8% CTB.

On the SI increase side, RNG (RingCentral) added 2.9 points in a week. WFRD (Weatherford International) gained 2.8 points. Both now sit above 11% SI.

MGM (MGM Resorts) also saw bears pile in. SI rose nearly 2 points to 12.7% of free float over the past week.

This is not financial advice.