Bears Circle SpaceX, HTZ, and SoundHound AI

Short sellers have been busy this week. SPCX — the listed vehicle for Space Exploration Technologies — saw its SI % of FF jump to 36.4%, up 3.6 percentage points in seven days. That is one of the biggest week-on-week increases among mid-to-large caps.

RingCentral also drew fresh bearish attention. SI climbed to 15.1% of FF, a 2.9 pp rise since July 30. The cloud comms firm has struggled with growth, and shorts appear to be pressing the bet.

Extremes staying extreme: Hertz remains the most shorted name tracked, with 65% of its free float sold short. Availability sits at zero — there is no more stock left to borrow. That combination raises short squeeze risk. Cost to borrow is 3.1%.

SoundHound AI holds 43% SI % FF with a CTB of nearly 13%. Zero availability again. Social buzz around AI names keeps this stock volatile.

Lucid Group is another pressure point. SI sits at 32% FF with CTB at a punishing 46%. Near-zero borrow availability makes new short positions extremely costly.

Covering happening too: Chewy saw SI fall nearly 5 pp to 102% FF — shorts are trimming despite the stock still being heavily shorted overall. Wix.com dropped 3.5 pp to 27% FF, a notable unwind.

Bear caution is warranted. High-CTB, zero-availability names like HTZ, SOUN, and LCID carry significant squeeze potential if sentiment shifts.

This is not financial advice.