Bears Load Up on SpaceX, Hertz, and RingCentral

Short sellers are adding pressure across a broad range of US names. Data as of August 6 shows notable moves in both large and small caps.

SPCX — the listed SpaceX vehicle — saw SI % of Free Float jump to 36.4%, up from 32.9% a week ago. That is a 3.6 percentage point rise in seven days. Bears are circling despite the company's near-trillion-dollar market cap.

HTZ remains one of the most shorted large names at 82.6% SI % FF. An overnight news headline confirmed a short squeeze is underway — availability has collapsed to 0%. Shares to borrow are virtually gone.

CHWY sits at 79.3% SI % FF, also with zero availability. Bears are deeply dug in. Yet SI has edged lower from 83% a month ago — a slow but steady cover.

RNG is a fresh mover. Short interest jumped to 15.1%, up 2.9 points in a week. The cloud-comms firm is under renewed pressure after a tough earnings period.

EVCM tops the short score rankings at 95. Cost to borrow hit 46% APR. Availability is just 7% of SI — a squeeze setup worth watching.

GALT remains one of the most extreme reads on the board at 303% SI % FF. With only 21% availability, the borrow market is stretched thin.

This is not financial advice.