Bears Circle Before Earnings: Key Movers

Short sellers are repositioning fast ahead of a busy earnings week. Here are the standout moves as of August 8, 2026.

Biggest build-up: SpaceX goes more crowded. SPCX (Space Exploration Technologies) saw its SI % of Free Float climb to 36.4%, up 3.6 percentage points in just seven days. Cost to borrow sits at 10.1% and availability is near zero at just 0.16% — a deeply squeezable setup.

RingCentral draws fresh bears. RNG jumped 2.9 points to 15.1% SI % FF this week. With earnings approaching and abundant availability at 236%, shorts face less squeeze pressure here.

Wolfspeed stays extreme. WOLF holds a jaw-dropping 78.3% SI % FF. Availability is zero. Cost to borrow is 4.7%. Bears are locked in with nowhere easy to exit.

Lucid Group: the most expensive bet. LCID has a 31.8% SI % FF and a punishing 46.6% cost to borrow — the priciest major short on the board right now.

Covers happening too. CHWY dropped 3.9 points to 79.3% SI % FF. Shorts are trimming. AMBA fell 2.6 points to 9.5%.

SMCI in focus. SMCI sits at 16.6% SI % FF with earnings looming. Bears are betting heavily pre-print.

This is not financial advice.